SRS Real Estate Partners
Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners
$3,000,000
Jiffy Lube - Bedford IN
Details
APN 47-06-15-300-029.000-010
Property Type Retail
Sub Type Auto Shop
Square Footage 4,042
Cap Rate 5.51%
NOI $165,190
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 5 (5-Year)
Year Built 2021
Acreage 1.270
Zoning General Commercial
Parking Spaces 15 spaces
Parking per 1,000 SqFt 3.71
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/23/2021
Ground Lease No
Retail | 5.51% CAP | 4,042 SqFt
Investment highlights
- Corporate Signed Lease | Options To Extend | Scheduled Increases
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Outparcel to Walmart Anchored Center | Near Town Fair Center
- Limited Competition | Proximity to IN-37, Near 16th Street | Growing Corridor
- Located at the Entrance to Walmart Supercenter | Excellent Visibility & Access
- Strong Demographics In 10-Mile Trade Area
Listing Contacts
SRS Real Estate Partners
Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,190.00
$13,765.83/mo
Valuation Metrics
0
DSCR
5.51%
Cap Rate
5.51%
ROI
Map
Zoning
B3 PlannedPlanned Business
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