Auto Service - Gas-Conv

Jiffy Lube #1477

6780 Roosevelt Pkwy, Middletown, OH 45005

Listing Price: $700,000

Cap Rate
6.00%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.10
Gross SF
4,185
Guarantor
Franchisee Guarantee
Rentable SF
4,185
Price/Gross SF
$167.26
Lease Type
Absolute Net
Rent Per Square Feet
$10.04

Investment Overview

Marcus & Millichap is pleased to announce the investment offering of Jiffy Lube #1477. Located at 6780 Roosevelt Parkway in Middletown, OH the property is an out parcel to a Lowes Home Improvement anchored power center. The property is tenanted by the second largest Jiffy Lube franchisee in the United States, Lucor, Inc. The property has ten years of base lease term remaining and the lease is corporately guaranteed. The Jiffy Lube brand is a leading automotive repair and maintenance operation which serves approximately 20 million patrons annually.

The property is located in a power center just off US Route 122 which is a major thoroughfare bisecting Middletown, OH and is within the major retail corridor of the area. The site is proximate to Interstate Highway 75, which is the main artery connecting Dayton and Cincinnati metro areas. Other major retailers in direct proximity of the property are, but not limited to: Walmart, Meijer, Wendy's, Olive Garden as well as is near two major medical campus' that of Atrium Medical Center and Kettering Health Network a $36 million medical complex.

An astute investor will capitalize on the ability to acquire a small price point, absolute net leased Jiffy Lube operated by the 2nd largest franchisee in the nation. Not only will the property allow for a long term management free investment at a good return in todays market, but also qualifies for advanced depreciation greatly increasing the after tax cash stream (disclaimer: consult a tax accountant).

Investment Highlights

  • Absolute Net Leased Jiffy Lube
  • 10 Year Lease Term Remaining
  • 7% Rent Increase Jan. 2024
  • Qualifies for Advanced Depreciation
  • Three Drive-In Bay Construction
  • 2nd Largest Franchisee - Lucor, Inc.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Auto Service - Gas-Conv

Jiffy Lube #1477

Listing Price: $700,000

Cap Rate
6.00%
Tenant Name
Jiffy Lube
Years Remaining On Lease
10.10
Gross SF
4,185
Guarantor
Franchisee Guarantee
Rentable SF
4,185
Price/Gross SF
$167.26
Lease Type
Absolute Net
Rent Per Square Feet
$10.04

Investment Highlights

  • Absolute Net Leased Jiffy Lube
  • 10 Year Lease Term Remaining
  • 7% Rent Increase Jan. 2024
  • Qualifies for Advanced Depreciation
  • Three Drive-In Bay Construction
  • 2nd Largest Franchisee - Lucor, Inc.

Investment Overview

Marcus & Millichap is pleased to announce the investment offering of Jiffy Lube #1477. Located at 6780 Roosevelt Parkway in Middletown, OH the property is an out parcel to a Lowes Home Improvement anchored power center. The property is tenanted by the second largest Jiffy Lube franchisee in the United States, Lucor, Inc. The property has ten years of base lease term remaining and the lease is corporately guaranteed. The Jiffy Lube brand is a leading automotive repair and maintenance operation which serves approximately 20 million patrons annually.

The property is located in a power center just off US Route 122 which is a major thoroughfare bisecting Middletown, OH and is within the major retail corridor of the area. The site is proximate to Interstate Highway 75, which is the main artery connecting Dayton and Cincinnati metro areas. Other major retailers in direct proximity of the property are, but not limited to: Walmart, Meijer, Wendy's, Olive Garden as well as is near two major medical campus' that of Atrium Medical Center and Kettering Health Network a $36 million medical complex.

An astute investor will capitalize on the ability to acquire a small price point, absolute net leased Jiffy Lube operated by the 2nd largest franchisee in the nation. Not only will the property allow for a long term management free investment at a good return in todays market, but also qualifies for advanced depreciation greatly increasing the after tax cash stream (disclaimer: consult a tax accountant).

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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