Cap Rate
7.50%
Price Per SF
$739
Gross SQFT
1,425
Year Built
1987/2020
Term Remaining
±13 Yrs
NOI
$78,984
Property Type
Retail
LEAD LISTING AGENT
Email
[email protected]
License No.
02126798 (CA)
Direct
+1 (310) 919-5711
Mobile
+1 (760) 642-9942
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- Listed for $1,053,000 yielding a cap rate of 7.50%.
- Absolute Triple-Net Lease (NNN) – Zero Landlord Responsibilities.
- Corporate Guarantee – Backed by Jiffy Lube International, a subsidiary of Shell, Inc. provides a strong security of income.
- Jiffy Lube is the National Leader in Quick Lube – A leading provider of oil changes and a subsidiary of Shell Oil Company. Jiffy Lube boasts more than 2,000 outlets led throughout North America that are all independently owned by operators.
- Overage Rent – Owner receives additional income when sales exceed their threshold.
- Positioned on Sandy Blvd – Primary throughway extending across city of Portland.
- Brand New Renovation – Recent remodel in 2020 converting to Jiffy Lube’s new Multicare® store model.
- Ecommerce & Recession-Proof Investment – Quick lube sector is not heavily affected by changes in the economy.
- Strong Demographics – ±88,000 population in a 3-mile radius.
- Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule
**Consult your tax or accounting professional for more information
Broker of Record
- Tim Campbell
- License No. 790100087 (OR)
- (866) 889-0550
- Matthews Real Estate
- 1600 West End Avenue,
Suite 1500