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Auto Parts

Jiffy Lube

6630 N 72nd St, Omaha, NE 68122

Listing Price: $2,042,000

Cap Rate
5.35%
Tenant Name
Jiffy Lube
Years Remaining On Lease
9.8
Gross SF
1,578
Guarantor
Franchisee Guarantee
Rentable SF
1,578
Price/Gross SF
$1,294.04
Lease Type
Absolute Net
Rent Per Square Feet
$69.25

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the Jiffy Lube located along N 72nd St in northwest Omaha, NE. The offering includes a favorable guarantee from Team Car Care, who is the largest operator in the Jiffy Lube franchise network. A build to suit in 2012, the site benefits from an Absolute NNN lease with zero landlord responsibility and expiring February of 2032. The site has successfully served customers at this location for 10+ years and is situated as an out pad at Sorensen Plaza, a large Target anchored retail center. Jiffy Lube also benefits from great frontage and visibility daily along Sorensen Pkwy and 72nd St, which experiences traffic counts of over 30,000 on a daily basis.

Investment Highlights

  • Franchisee Guarantee from Team Car Care - Over 500 Units and Largest Jiffy Lube Operator
  • 10 Year Lease Expiring February 28, 2032
  • Located as Out Parcel to Target Anchored Shopping Center
  • Absolute NNN Lease - 10% Rent Increase Every 5 Years – Next in 2027

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Auto Parts

Jiffy Lube

Listing Price: $2,042,000

Cap Rate
5.35%
Tenant Name
Jiffy Lube
Years Remaining On Lease
9.8
Gross SF
1,578
Guarantor
Franchisee Guarantee
Rentable SF
1,578
Price/Gross SF
$1,294.04
Lease Type
Absolute Net
Rent Per Square Feet
$69.25

Investment Highlights

  • Franchisee Guarantee from Team Car Care - Over 500 Units and Largest Jiffy Lube Operator
  • 10 Year Lease Expiring February 28, 2032
  • Located as Out Parcel to Target Anchored Shopping Center
  • Absolute NNN Lease - 10% Rent Increase Every 5 Years – Next in 2027

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the Jiffy Lube located along N 72nd St in northwest Omaha, NE. The offering includes a favorable guarantee from Team Car Care, who is the largest operator in the Jiffy Lube franchise network. A build to suit in 2012, the site benefits from an Absolute NNN lease with zero landlord responsibility and expiring February of 2032. The site has successfully served customers at this location for 10+ years and is situated as an out pad at Sorensen Plaza, a large Target anchored retail center. Jiffy Lube also benefits from great frontage and visibility daily along Sorensen Pkwy and 72nd St, which experiences traffic counts of over 30,000 on a daily basis.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

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