Auto Service - Gas-Conv
Jiffy Lube
130 S Stephanie St, Henderson, NV 89012
Listing Price: $2,610,000
Investment Overview
Positioned in the heart of Henderson’s established retail corridor, this 3,520 SF Jiffy Lube offers the blend net-lease investors prioritize: durable, needs-based demand, a scaled operator guaranty, and contractual rent growth over a long remaining term. The offering is anchored by a Team Car Care–guaranteed triple-net lease with 10.5 years of remaining term and 10% rent increases every 5 years, providing a clear path for income growth while maintaining the hands-off profile investors seek in single-tenant NNN assets.
The site’s real estate fundamentals are equally compelling. Located along S Stephanie Street, a primary North/South arterial in Henderson, this store benefits from 21,721 vehicles per day and immediate proximity to daily-trip retail and national co-tenancy. The property sits near Stephanie Beltway Plaza and a 24/7 EoS Fitness location, strengthening traffic at multiple dayparts and supporting the “service retail” ecosystem surrounding the asset.
Henderson’s demographic profile further reinforces long-term tenancy and consumer resilience: the immediate trade area reports a average household income of $111,262, and 8,874 households within a 1-mile radius a strong base of rooftops supporting recurring vehicle maintenance needs.
This opportunity is backed by a metropolitan area with meaningful depth and liquidity. M&M Research Department reports Las Vegas retail vacancy at ~4.3% (Q4 2025) with weighted average asking rents ~ $1.90/SF NNN, signaling healthy retail fundamentals and sustained investor interest in well-located net lease real estate.
Jiffy Lube
Investment Highlights
- S. Stephanie delivers solid, stable performance: Complemented by below-market rent and operating costs, resulting in attractive margins.
- Core, needs-based retail in a high-income Henderson trade area: Jiffy Lube quick-service car care benefits from recurring demand tied to household density, commuter patterns, and daily retail traffic—
- Institutional-grade credit profile: Team Car Care is one of the largest Jiffy Lube operators, supporting 500+ locations nationally (the largest Jiffy Lube franchisee).
- Long-term NNN income with contractual growth: 10.5 years remaining with 10% increases every 5 years (embedded rent growth while keeping no landlord responsibilities).
- Modern construction / functional site: Built 2005, 3,520 SF on ±0.64 acres (strong real estate fundamentals that matter if/when the next tenant ever becomes a consideration).
- High-velocity corridor positioning: Along S Stephanie St with 21,721 VPD, immediately surrounded by national retailers and daily-trip drivers (EOS Fitness-anchored center nearby; Walgreens, McDonald's, Ace, Verizon, Sherwin-Williams, O'Reilly, etc.).
- Las Vegas locations significantly outperform peer MSAs: Demonstrating strong and consistent demand fundamentals.
Exclusively Listed By
Listing Price: $2,610,000
Investment Highlights
- S. Stephanie delivers solid, stable performance: Complemented by below-market rent and operating costs, resulting in attractive margins.
- Core, needs-based retail in a high-income Henderson trade area: Jiffy Lube quick-service car care benefits from recurring demand tied to household density, commuter patterns, and daily retail traffic—
- Institutional-grade credit profile: Team Car Care is one of the largest Jiffy Lube operators, supporting 500+ locations nationally (the largest Jiffy Lube franchisee).
- Long-term NNN income with contractual growth: 10.5 years remaining with 10% increases every 5 years (embedded rent growth while keeping no landlord responsibilities).
- Modern construction / functional site: Built 2005, 3,520 SF on ±0.64 acres (strong real estate fundamentals that matter if/when the next tenant ever becomes a consideration).
- High-velocity corridor positioning: Along S Stephanie St with 21,721 VPD, immediately surrounded by national retailers and daily-trip drivers (EOS Fitness-anchored center nearby; Walgreens, McDonald's, Ace, Verizon, Sherwin-Williams, O'Reilly, etc.).
- Las Vegas locations significantly outperform peer MSAs: Demonstrating strong and consistent demand fundamentals.
Investment Overview
Positioned in the heart of Henderson’s established retail corridor, this 3,520 SF Jiffy Lube offers the blend net-lease investors prioritize: durable, needs-based demand, a scaled operator guaranty, and contractual rent growth over a long remaining term. The offering is anchored by a Team Car Care–guaranteed triple-net lease with 10.5 years of remaining term and 10% rent increases every 5 years, providing a clear path for income growth while maintaining the hands-off profile investors seek in single-tenant NNN assets. The site’s real estate fundamentals are equally compelling. Located along S Stephanie Street, a primary North/South arterial in Henderson, this store benefits from 21,721 vehicles per day and immediate proximity to daily-trip retail and national co-tenancy. The property sits near Stephanie Beltway Plaza and a 24/7 EoS Fitness location, strengthening traffic at multiple dayparts and supporting the “service retail” ecosystem surrounding the asset. Henderson’s demographic profile further reinforces long-term tenancy and consumer resilience: the immediate trade area reports a average household income of $111,262, and 8,874 households within a 1-mile radius a strong base of rooftops supporting recurring vehicle maintenance needs. This opportunity is backed by a metropolitan area with meaningful depth and liquidity. M&M Research Department reports Las Vegas retail vacancy at ~4.3% (Q4 2025) with weighted average asking rents ~ $1.90/SF NNN, signaling healthy retail fundamentals and sustained investor interest in well-located net lease real estate.
Exclusively Listed By
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