NNN Jiffy Lube | 6.7 % Cap Oct '26 | 26,500 VPD
Retail | 6.57% CAP | 2,560 SqFt
Marketing description
Centennial Advisers brings to market 2306 Humes Road in Janesville, a rare absolute NNN investment opportunity positioned along one of the city’s most active and sought-after commercial corridors. This single-tenant Jiffy Lube facility offers an exceptional combination of frontage, functionality, and long-term value at an attractive price of $1,195,000 (6.57% Cap Rate).
With exposure to 26,500 daily vehicles along Humes Road, the property delivers outstanding visibility and seamless access to major transportation routes—ideal for businesses that thrive on customer traffic and high street presence.
Benefiting from a 2018 renovation, the single-story structure features over $200,000 in structural improvements, specialized automotive buildout, and an explicitly commercial zoning suitable for quick lube operations. Located in a highly trafficked retail node near a 627,000-square-foot regional mall, the site benefits from steady consumer activity, while the nearby Interstate 39/90 interchange provides exceptional regional connectivity to a dense residential and employment base.
Backed by a Team Car Care, LLC guarantee and 2% annual rent increases over the remaining 7-year term, the property offers a dependable platform for long-term occupancy and continued income growth.
2306 Humes Road stands out as a compelling opportunity for an investor seeking a centrally located, high-visibility asset with both immediate cash flow and strong future upside in a growing Janesville market.
Investment highlights
- The property is located on Humes Road, providing direct exposure to 26,500 vehicles per day. It is situated just 0.5 miles from the I-39/90 interchange, which handles 60,000 vehicles daily, ensuring maximum visibility.
- Positioned at the epicenter of Janesville's primary retail node, the site is within 1.5 miles of major national anchors including Walmart, Target, The Home Depot, and Sam's Club. This dense concentration of big-box retailers creates a powerful consumer draw to the immediate area.
- The investment features a secure, long-term Absolute NNN lease with zero landlord responsibilities. It includes contractual annual rent escalations of approximately 2%, providing a predictable and growing income stream guaranteed by Heartland Automotive Services II, Inc.
- The property is in excellent physical condition, highlighted by over $200,000 in specific structural improvements completed in 2018. This significant recent capital investment ensures long-term asset stability.
- The site benefits from a strong and stable demographic profile. It serves a dense population of 65,000+ residents within the Rock County, boasting an average annual household income of $71,225, forming a solid core demand for automotive services.
- The area benefits from the recently completed $1 billion I-39/90 expansion project, which improved regional traffic flow. Additionally, the new Woodman's Sports & Convention Center opening in 2025 will draw thousands of visitors to the corridor.
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