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Jiffy Lube
1023 Main Street, Billings, MT 59105
Listing Price: $2,388,000
Cap Rate
5.75%
Tenant Name
Jiffy Lube International, Inc.
Years Remaining On Lease
9.9
Gross SF
4,205
Guarantor
Corporate Guarantee
Rentable SF
4,205
Price/Gross SF
$567.90
Lease Type
Absolute Net
Rent Per Square Feet
$32.66
Investment Overview
Marcus & Millichap is pleased to present this attractive Jiffy Lube property for sale.
Exclusively Listed By
Broker of Record
Listing Price: $2,388,000
Cap Rate
5.75%
Tenant Name
Jiffy Lube International, Inc.
Years Remaining On Lease
9.9
Gross SF
4,205
Guarantor
Corporate Guarantee
Rentable SF
4,205
Price/Gross SF
$567.90
Lease Type
Absolute Net
Rent Per Square Feet
$32.66
Investment Highlights
- 10 years remaining on corporate lease
- Absolute NNN lease with 10% fixed rent increases every 5 years
- Building equipped with 4 bays
Investment Overview
Marcus & Millichap is pleased to present this attractive Jiffy Lube property for sale.
Exclusively Listed By
Broker of Record
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