Jiffy Lube - Ville Platte, LA
#1 Jiffy Lube Operator (400+) | Recent Capital Improvements & Lease Extension
Marketing description
Matthews™ is pleased to present its latest Jiffy Lube listing located at 1333 E Main St in Ville Platte, LA 70586. This property is listed at $786,000, offering a 7.00% cap rate. The tenant recently completed capital improvements and executed a lease extension, demonstrating strong commitment to the location. The guarantor, Team Car Care (400+), is the largest Jiffy Lube operator in the country, providing exceptional stability and reliability of income.
The lease is absolute NNN with no landlord responsibilities. Rent increases of 12.5% every 5 years provide a rare and attractive hedge against inflation, while the surrounding area has experienced ±1.5% annual population growth within a 3-mile radius, supporting long-term demand.
Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule. **Consult your tax or accounting professional for more information.
The property is also available as part of a two-site portfolio alongside a Jiffy Lube located at 2602 Ferrand St., Monroe, LA 71201, offered together at $1,786,000 | $125,052 Rent | 7.00% Cap Rate.
Investment highlights
Pricing & Structure
Listed for $786,000 yielding a cap rate of 7.00%.
Fee Simple Ownership with an absolute NNN lease — no landlord responsibilities.
±0.47 AC parcel with an original 15-year lease term commenced 10/29/2010.
Lease & Income Security
±9.60 Years Remaining with three, 5-year renewal options providing long-term income security.
Rare Rent Increases of 12.5% every 5 years — an attractive hedge against inflation and long-term income growth.
Recent Capital Improvements & Lease Extension — demonstrates strong tenant commitment to the location.
Tenant & Brand Strength
Team Car Care is the largest Jiffy Lube operator in the country with 400+ locations, providing stability and reliability of income.
Jiffy Lube is the National Leader in Quick Lube — a subsidiary of Shell Oil Company operating 2,100+ locations throughout North America, all independently owned and operated.
Market & Demand Drivers
Strong Population Growth — ±1.5% annual population growth within a 3-mile radius over the past five years.
E-Commerce & Recession-Resistant Sector — Quick-lube services are largely insulated from e-commerce disruption and tend to remain stable through economic cycles.
Tax & Investor Benefits
Potential Tax Advantages — Auto service properties may be eligible for an accelerated depreciation schedule. *Consult your tax or accounting professional for more information.
Portfolio Opportunity
Available Together or Separate — Both Jiffy Lube assets available as a two-site portfolio at $1,786,000 | $125,052 Rent | 7.00% Cap Rate.
Both sites recently extended by the tenant, with cheap rent and rare 12.5% increases every 5 years.
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