Listed by Trinity Real Estate Investment Services
$1,229,360
Jiffy Lube
Details
Property Type Retail, Special Purpose
Sub Type Auto Shop
Square Footage 1,980
Units 1
Cap Rate 6.25%
NOI $76,835
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts
Lease Type Absolute NNN
Lease Term 11.6
Lease Expiration 02/27/2038
Remaining Term 11.9
Rent Bumps Yes
Lease Options Three (3), 5-Year; 2% Annually
Price per SqFt $621
Year Built 1985
Buildings 1
Acreage 0.610
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/31/2026
Ownership Fee Simple
Retail | 6.25% CAP | 1,980 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Jiffy Lube in Warminster, PA. The subject property is a 12-year absolute NNN lease. The tenant is Team Car Care which is the largest Jiffy Lube franchisee within the Jiffy Lube system.
Property Website: https://trinityreis.com/listing/600-w-st-rd/
In cooperation with Brian Brockman at Bang Realty-Pennsylvania Inc | PA #RM432816 | [email protected] | (513) 898-1551
Investment highlights
- 12-Year Absolute NNN Lease with Zero Landlord Responsibilities
- The Tenant is Team Car Care Which is the Largest Jiffy Lube Franchisee Within the Jiffy Lube System with +/- 550 Units
- Strong Increase Structure — 4% Increase Starting in Year Four and Then 2% Annually Thereafter
- Near a Highly Trafficked Intersection Having a Combined VPD of Nearly 66,000
- Positioned Within Bucks County’s Dominant Retail Corridor, Surrounded by Complementary Businesses
- Dense, Affluent Trade Area — High-Income Market with 172,000+ Residents in a 5‑Mile Radius and Average Household Incomes Exceeding $151K, Driving Consistent Consumer Spending
- Just 18 Miles from Downtown Philadelphia, the Sixth‑Largest City in the U.S. and Pennsylvania’s Most Populous Urban Center
- 40+ Year Operating History at This Location — In Operation as a Jiffy Lube Since 1985, Demonstrating Exceptional Site-Level Performance and Long-Term Tenant Commitment to the Real Estate
- Recession-Resilient Asset Class — Automotive Maintenance is a Non-Discretionary, Needs-Based Service, Quick Lube Demand is Largely Insulated from Economic Downturns, Supporting Consistent Revenue Regardless of Market Conditions
- Potential Bonus Depreciation Opportunity — Quick Lube Properties may Qualify for Accelerated Depreciation, Offering Meaningful tax Advantages to Qualifying Investors — Consult Your Tax Advisor
- Largest Jiffy Lube Franchisee in North America — Lease with Team Car Care, LLC (Formerly Heartland Automotive), Operating 458+ Locations Across 23 States, Providing Institutional-Quality Credit Behind the Lease
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,835.00
$6,402.92/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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