Jiffy Lube - Des Moines, IA
Corporate Lease | 2% Annual Increases | 13+ Years
Marketing description
The property is strategically positioned on SE 14th Street with approximately 26,600 vehicles per day and is surrounded by strong national retailers including Raising Cane’s, Chase Bank, Menards, Taco Bell, Culver’s, and Olive Garden.
The asset is backed by a long-term lease guaranteed by Jiffy Lube International, with approximately 13 years remaining on the base term and attractive 2% annual rent increases that provide steady income growth and an inflation hedge. The lease structure is absolute NNN with zero landlord responsibilities, creating a passive investment opportunity for investors seeking stable cash flow. Jiffy Lube operates as one of the nation’s most recognized automotive service brands with more than 2,100 locations nationwide, benefiting from recurring demand driven by essential vehicle maintenance services that are historically resistant to e-commerce disruption and economic downturns.
Investment highlights
- Listed for $1,332,000 yielding a cap rate of 6.00%.
- Abs. NNN Lease offers a passive investment for any investor.
- Corporate Tenant - backed by Jiffy Lube International (a wholly-owned subsidiary of Monomoy Capital Partners) offers security of income.
- Rent Increases - 2% annual rent increases provide an effective hedge against inflation, preserving and growing income.
- Long-Term Lease of 13+ Years provides significant guaranteed income.
- Ecommerce & Recession-Proof Investment - Quick lube is an essential, in-person automotive service not replicable online and historically resilient across economic cycles. Consumer vehicles require oil changes regardless of market conditions.
- Tax Benefits - Auto service properties may be eligible for an accelerated depreciation schedule. *Consult your tax or accounting professional for more information.
- Strong Retail Synergy - Neighboring tenants include, Raising Cane's (new construction), 7 Brew (new construction), Chase Bank, Menard's, Napa Auto Parts, Taco Bell, Culver's, Olive Garden & more.
- Positive Population Growth of ±1.4% annually in a 1-mi radius.
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