Jiffy Lube - Monroe, LA
#1 Jiffy Lube Operator (400+) | Rare 12.5% Rent Increases | Recently Exercised Option
Marketing description
Matthews™ is pleased to present its latest Jiffy Lube listing located at 2602 Ferrand St in Monroe, LA 71201. This property is listed at $1,000,000, offering a 7.00% cap rate. The tenant recently exercised their option period, demonstrating strong long-term commitment to the location and continued operational success. The guarantor, Team Car Care (400+), is the largest Jiffy Lube franchise operator in the United States, providing exceptional stability and reliability of income. The lease is absolute NNN with no landlord responsibilities, offering a truly passive investment. Rent increases of 12.5% every 5 years provide a rare and attractive hedge against inflation and long-term income growth.
The property is strategically located near the University of Louisiana Monroe, a public university with approximately 9,000 students, driving consistent traffic and demand for vehicle maintenance services. With ±21,500 vehicles per day passing the site and excellent accessibility via multiple access points from both Ferrand Street and Sterlington Road, the location benefits from outstanding visibility and convenience. Surrounding national co-tenants include McDonald's, Starbucks, Circle K, Chase Bank, Wendy's, Taco Bell, Domino's, Zaxby's, and more, further enhancing the site's retail synergy and customer traffic.
Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule. **Consult your tax or accounting professional for more information.
This property is also available as part of a two-site portfolio alongside a Jiffy Lube located at 1333 E Main St, Ville Platte, LA, 70586 offered together at $1,786,000 | $125,052 Rent | 7.00% Cap Rate.
Investment highlights
Pricing & Structure
Listed for $1,000,000 yielding a cap rate of 7.00%.
Fee Simple Ownership with an absolute NNN lease — zero landlord responsibilities.
±0.48 AC (±20,919 SF) lot with ±2,590 SF GLA.
Lease & Income Security
±9.00 Years Remaining with three, 5-year renewal options providing long-term income security.
Rare Rent Increases of 12.5% every 5 years — a built-in hedge against inflation and long-term income growth.
Recently Exercised Option — demonstrates the tenant's long-term commitment to the location and continued operational success.
Tenant & Brand Strength
Team Car Care is the #1 Jiffy Lube franchise operator in the United States with 400+ locations, providing strong operational backing 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.
Location & Traffic Drivers
±21,500 Vehicles Per Day passing the site, providing exceptional visibility and customer access.
Excellent Accessibility via multiple access points from both Ferrand Street and Sterlington Road.
Strategically Located Near the University of Louisiana Monroe — a public university with approximately 9,000 students driving consistent demand for affordable vehicle maintenance services.
Strong Retail Synergy — surrounded by national co-tenants including McDonald's, Starbucks, Circle K, Chase Bank, Wendy's, Taco Bell, Domino's, Zaxby's, and more.
Property & Service Model
Multicare Service Model — beyond traditional oil changes, this location offers batteries, brakes, filters, fluids, inspections, suspension, tires, glass, and engine services, attracting a broad customer base.
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.
E-Commerce & Recession-Resistant Sector — Quick-lube services are essential and non-discretionary, making the sector historically resilient to economic downturns and insulated from e-commerce disruption.
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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