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Jiffy Lube (Everett)

6209 Evergreen Way, Everett, WA 98203

Listing Price: $1,369,000

Cap Rate
6.59%
Tenant Name
Team Car Care, LLC
Years Remaining On Lease
5.7
Gross SF
1,422
Guarantor
Franchisee Guarantee
Rentable SF
1,422
Price/Gross SF
$962.73
Lease Type
Absolute Net
Rent Per Square Feet
$63.45

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Jiffy Lube (fee simple) land and building located along Evergreen Way in Everett, Washington. The offering benefits from an absolute NNN lease through September of 2026 which is guaranteed by the largest Jiffy Lube Franchisee in the United States (Team Car Care). Jiffy Lube operates more than 2,000 centers across the United States.

Everett is the largest city in Snohomish County and the seventh largest city in Washington state. Everett serves a diverse community of more than 110,000 residents. Located only 25 miles north of Seattle, the city is nestled between Port Gardner Bay and the Snohomish River. North Everetts quaint historic downtown is home to a vibrant arts, culture and music scene, delicious dining, pubs and breweries, Angel of the Winds Arena, and family-oriented festivals year-round. Everett is easy to access to by car, train, bus and air. Paine Field at Everett began commercial air service in early 2019 with 24 daily flights to destinations along the west coast and beyond, connecting Everett to the world. On the Port Gardner waterfront is Naval Station Everett and the Port of Everett, which boasts the largest public marina on the West Coast. Northwest Everett is also home to Providence Regional Medical Center and new branch of Seattle Childrens Hospital, offering more than 15 pediatric subspecialties of care. The incredible education partners in the Everett area help support the major employers, such as The Boeing Company, and the robust network of high-tech and manufacturing enterprises that call Everett home.

Investment Highlights

  • Long-Term Absolute NNN Lease Through September 30th, 2026 with 3% Annual Bumps
  • Lease Guaranteed by Jiffy Lubes Largest Franchisee (Team Car Care) with 540+ Stores
  • Snohomish County Population Growing Nearly 2% Annually
  • Ideally Located Along Evergreen Way (31,000+ Average Traffic Counts)
  • Paine Field in Everett Recently Became a Commercial Airport Serving Alaska Airlines

Exclusively Listed By

  • Hank Wolfer

    First Vice President Investments

    Email Hank

    License(s): WA: 110547

    Seattle

Auto Service - Gas-Conv

Jiffy Lube (Everett)

Listing Price: $1,369,000

Cap Rate
6.59%
Tenant Name
Team Car Care, LLC
Years Remaining On Lease
5.7
Gross SF
1,422
Guarantor
Franchisee Guarantee
Rentable SF
1,422
Price/Gross SF
$962.73
Lease Type
Absolute Net
Rent Per Square Feet
$63.45

Investment Highlights

  • Long-Term Absolute NNN Lease Through September 30th, 2026 with 3% Annual Bumps
  • Lease Guaranteed by Jiffy Lubes Largest Franchisee (Team Car Care) with 540+ Stores
  • Snohomish County Population Growing Nearly 2% Annually
  • Ideally Located Along Evergreen Way (31,000+ Average Traffic Counts)
  • Paine Field in Everett Recently Became a Commercial Airport Serving Alaska Airlines

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Jiffy Lube (fee simple) land and building located along Evergreen Way in Everett, Washington. The offering benefits from an absolute NNN lease through September of 2026 which is guaranteed by the largest Jiffy Lube Franchisee in the United States (Team Car Care). Jiffy Lube operates more than 2,000 centers across the United States.

Everett is the largest city in Snohomish County and the seventh largest city in Washington state. Everett serves a diverse community of more than 110,000 residents. Located only 25 miles north of Seattle, the city is nestled between Port Gardner Bay and the Snohomish River. North Everetts quaint historic downtown is home to a vibrant arts, culture and music scene, delicious dining, pubs and breweries, Angel of the Winds Arena, and family-oriented festivals year-round. Everett is easy to access to by car, train, bus and air. Paine Field at Everett began commercial air service in early 2019 with 24 daily flights to destinations along the west coast and beyond, connecting Everett to the world. On the Port Gardner waterfront is Naval Station Everett and the Port of Everett, which boasts the largest public marina on the West Coast. Northwest Everett is also home to Providence Regional Medical Center and new branch of Seattle Childrens Hospital, offering more than 15 pediatric subspecialties of care. The incredible education partners in the Everett area help support the major employers, such as The Boeing Company, and the robust network of high-tech and manufacturing enterprises that call Everett home.

Exclusively Listed By

  • Hank Wolfer

    First Vice President Investments

    Email Hank

    License(s): WA: 110547

    Seattle

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