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Jiffy Lube Multicare | Low Rent | Growing Yakima, WA

3310 W Nob Hill Blvd, Yakima, WA 98902

Listing Price: $595,000

Cap Rate
7.16%
Tenant Name
Jiffy Lube Multicare
Years Remaining On Lease
3.8
Gross SF
1,980
Guarantor
Franchisee Guarantee
Rentable SF
1,980
Price/Gross SF
$300.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.53

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a successful Jiffy Lube Multicare location in Yakima, WA. The tenant recently exercised a 5-year lease extension after having operated at this location for over 24 years. The Property is located on W Nob Hill Blvd, a main arterial through Yakima, with traffic counts in excess of 22,000 VPD. The location is ideal for a Jiffy Lube Multicare facility given the Property is centrally located between Walmart and I-82. The Property features a profitable lease structure where the rent is based on a combination of base rent and rent as a percentage of unit-level sales. This structure helps keep the location profitable, while helping an investor hedge against inflation. The Property has operated as a successful oil change businesses since 1983, and has been a Jiffy Lube Multicare location since 2013. In the last decade, the 5-mile radius population has grown by 8.53% and per Placer.ai, this location has seen a 54.8% increase in visitors over the past 3 years.

Investment Highlights

  • EXPERIENCED REGIONAL JIFFY LUBE FRANCHISEE
  • LOW RENT & LOW PRICE POINT LOCATION
  • HIGH-TRAFFIC, HIGH-VISIBILITY LOCATION
  • MINIMAL LANDLORD RESPONSIBILITY
  • 24+ YEARS OF SUCCESSFUL OPERATING HISTORY
  • JIFFY LUBE MULTICARE SERVICES OFFERED
  • STRONG DEMOGRAPHICS WITH INCREASING VISITS
  • CONCRETE TILT UP CONSTRUCTION

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Jiffy Lube Multicare | Low Rent | Growing Yakima, WA

Listing Price: $595,000

Cap Rate
7.16%
Tenant Name
Jiffy Lube Multicare
Years Remaining On Lease
3.8
Gross SF
1,980
Guarantor
Franchisee Guarantee
Rentable SF
1,980
Price/Gross SF
$300.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.53

Investment Highlights

  • EXPERIENCED REGIONAL JIFFY LUBE FRANCHISEE
  • LOW RENT & LOW PRICE POINT LOCATION
  • HIGH-TRAFFIC, HIGH-VISIBILITY LOCATION
  • MINIMAL LANDLORD RESPONSIBILITY
  • 24+ YEARS OF SUCCESSFUL OPERATING HISTORY
  • JIFFY LUBE MULTICARE SERVICES OFFERED
  • STRONG DEMOGRAPHICS WITH INCREASING VISITS
  • CONCRETE TILT UP CONSTRUCTION

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a successful Jiffy Lube Multicare location in Yakima, WA. The tenant recently exercised a 5-year lease extension after having operated at this location for over 24 years. The Property is located on W Nob Hill Blvd, a main arterial through Yakima, with traffic counts in excess of 22,000 VPD. The location is ideal for a Jiffy Lube Multicare facility given the Property is centrally located between Walmart and I-82. The Property features a profitable lease structure where the rent is based on a combination of base rent and rent as a percentage of unit-level sales. This structure helps keep the location profitable, while helping an investor hedge against inflation. The Property has operated as a successful oil change businesses since 1983, and has been a Jiffy Lube Multicare location since 2013. In the last decade, the 5-mile radius population has grown by 8.53% and per Placer.ai, this location has seen a 54.8% increase in visitors over the past 3 years.

Exclusively Listed By

Financing By

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