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Auto Service - Gas-Conv

Jiffy Lube | Corp.

1015 W Main St, Hendersonville, TN 37075

Listing Price: $1,023,000

Cap Rate
6.40%
Tenant Name
Jiffy Lube
Years Remaining On Lease
5.5
Gross SF
2,220
Guarantor
Corporate Guarantee
Rentable SF
2,220
Price/Gross SF
$460.81
Lease Type
Absolute Net
Rent Per Square Feet
$75.08

Investment Overview

NASHVILLE, TN ADVANTAGE Desirable Nashville locations Major industries include tourism, health care, education, and music Total population of Nashville MSA exceeds 1.9 MM people Ranked #1 market for best “Overall Real Estate Prospects” by Forbes (2022) Defined as a “Supernova City” due to strong population growth and more employers moving to the city Largest employers: Vanderbilt University Medical Center – 24,000 employees Nissan North America – 11,000 employees HCA Healthcare, Inc. – 10,600 employees BEST-IN-CLASS TENANT 2,000 locations across the US 20+ MM customers per year 52-year corporate operating history Successful track record at each location Tenant since 2008 at Hendersonville location & since 2013 in Nashville OPTIMAL LEASE STRUCTURE Absolute NNN lease Zero landlord responsibilities Tenant exercised option early 5+ years left of base term One (1), 5-year option left 7.4% rent bump in option

Investment Highlights

  • Corporate Credit
  • Strong Performing Unit
  • ABS. NNN Lease

Exclusively Listed By

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Auto Service - Gas-Conv

Jiffy Lube | Corp.

Listing Price: $1,023,000

Cap Rate
6.40%
Tenant Name
Jiffy Lube
Years Remaining On Lease
5.5
Gross SF
2,220
Guarantor
Corporate Guarantee
Rentable SF
2,220
Price/Gross SF
$460.81
Lease Type
Absolute Net
Rent Per Square Feet
$75.08

Investment Highlights

  • Corporate Credit
  • Strong Performing Unit
  • ABS. NNN Lease

Investment Overview

NASHVILLE, TN ADVANTAGE Desirable Nashville locations Major industries include tourism, health care, education, and music Total population of Nashville MSA exceeds 1.9 MM people Ranked #1 market for best “Overall Real Estate Prospects” by Forbes (2022) Defined as a “Supernova City” due to strong population growth and more employers moving to the city Largest employers: Vanderbilt University Medical Center – 24,000 employees Nissan North America – 11,000 employees HCA Healthcare, Inc. – 10,600 employees BEST-IN-CLASS TENANT 2,000 locations across the US 20+ MM customers per year 52-year corporate operating history Successful track record at each location Tenant since 2008 at Hendersonville location & since 2013 in Nashville OPTIMAL LEASE STRUCTURE Absolute NNN lease Zero landlord responsibilities Tenant exercised option early 5+ years left of base term One (1), 5-year option left 7.4% rent bump in option

Exclusively Listed By

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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