Auto Service - Gas-Conv

Jiffy Lube

2414 Southern Blvd SE, Rio Rancho, NM 87124

Listing Price: $720,000

Cap Rate
7.50%
Tenant Name
Jiffy Lube
Years Remaining On Lease
2.60
Guarantor
Franchisee Guarantee
Lease Type
Absolute Net
Rent Per Square Feet
$25.71

Investment Overview

The subject property is an Absolute NNN asset located in Rio Rancho, NM. The property is in the middle of the 3rd largest city in New Mexico which has experienced population growth in consecutive years since 1990. Rio Rancho has a population of over 100,000 people. Jiffy Lube is a leader in the quick lube space and the franchisee at this location is the largest Jiffy Lube franchisee in New Mexico.




Investment Highlights

  • Triple Net Lease--No Landlord Responsibilities
  • Guaranteed by Lubricar, Inc., New Mexico's Largest Jiffy Lube Franchisee
  • Three-Bay Building in Rapidly Growing Market

Exclusively Listed By

Listing Price: $720,000

Cap Rate
7.50%
Tenant Name
Jiffy Lube
Years Remaining On Lease
2.60
Guarantor
Franchisee Guarantee
Lease Type
Absolute Net
Rent Per Square Feet
$25.71

Investment Highlights

  • Triple Net Lease--No Landlord Responsibilities
  • Guaranteed by Lubricar, Inc., New Mexico's Largest Jiffy Lube Franchisee
  • Three-Bay Building in Rapidly Growing Market

Investment Overview

The subject property is an Absolute NNN asset located in Rio Rancho, NM. The property is in the middle of the 3rd largest city in New Mexico which has experienced population growth in consecutive years since 1990. Rio Rancho has a population of over 100,000 people. Jiffy Lube is a leader in the quick lube space and the franchisee at this location is the largest Jiffy Lube franchisee in New Mexico.




Exclusively Listed By

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