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Auto Service - Gas-Conv

Jiffy Lube - Indio, CA

81088 CA-111, Indio, CA 92201

Listing Price: $3,915,000

Cap Rate
5.25%
Tenant Name
Jiffy Lube (Team Car Care)
Years Remaining On Lease
5.8
Guarantor
Franchisee Guarantee
Rentable SF
4,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6,004.36

Investment Overview

Marcus & Millichap is pleased to present for sale a Southern California Absolute NNN fee-simple Jiffy Lube opportunity on the highly trafficked corridor of Highway 111 in Indio, California. 881011 Highway 111 presents investors with an Absolute NNN fee-simple lease guaranteed by an experienced 550+ Unit franchisee in TEAM CAR CARE, LLC. The "essential use" operator has seasoned this location and has six years remaining on their initial 20 year lease term.

Investment Highlights

  • Six Years Remaining on Absolute NNN - Fee Simple Lease with Zero Landlord Responsibilities
  • Strong 550+ Unit National Operator with TEAM CAR CARE, LLC
  • Immediate Upside to Increase NOI with Addition of Cell Tower on Site
  • Extremely Attractive Annual CPI Increases to Hedge Against Inflation - Minimum Two Percent | Maximum Five Percent
  • Highly Visible Pad Location to a Stater Bros. Anchored Shopping Center along Highway 111
  • Essential Use - Pandemic & Recession Resistant Tenant

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Jiffy Lube - Indio, CA

Listing Price: $3,915,000

Cap Rate
5.25%
Tenant Name
Jiffy Lube (Team Car Care)
Years Remaining On Lease
5.8
Guarantor
Franchisee Guarantee
Rentable SF
4,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6,004.36

Investment Highlights

  • Six Years Remaining on Absolute NNN - Fee Simple Lease with Zero Landlord Responsibilities
  • Strong 550+ Unit National Operator with TEAM CAR CARE, LLC
  • Immediate Upside to Increase NOI with Addition of Cell Tower on Site
  • Extremely Attractive Annual CPI Increases to Hedge Against Inflation - Minimum Two Percent | Maximum Five Percent
  • Highly Visible Pad Location to a Stater Bros. Anchored Shopping Center along Highway 111
  • Essential Use - Pandemic & Recession Resistant Tenant

Investment Overview

Marcus & Millichap is pleased to present for sale a Southern California Absolute NNN fee-simple Jiffy Lube opportunity on the highly trafficked corridor of Highway 111 in Indio, California. 881011 Highway 111 presents investors with an Absolute NNN fee-simple lease guaranteed by an experienced 550+ Unit franchisee in TEAM CAR CARE, LLC. The "essential use" operator has seasoned this location and has six years remaining on their initial 20 year lease term.

Exclusively Listed By

Financing By

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