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640 N Wayne St, Angola, IN, 46703

Jiffy Lube
$1,771,000

Key Information

Cap Rate
6.75%
$ per SF
$856
Tot. SF
2,068
Lot Size
0.5 Acres
Year Built
2000/ R 2017
Term Remaining
±11 Years
Type
Retail
NOI
$119,552

Highlights

  • Offered at $1,771,000, reflecting a 6.75% cap rate.
  • Absolute NNN lease structure with zero landlord responsibilities, providing passive ownership.
  • 11+ years of remaining lease term, offering income security. The tenant recently executed an early lease extension, underscoring its commitment to the site.
  • Approximately 1.3% annual rent increases provide scheduled income growth and a measure of inflation protection throughout the lease term.
  • Allied Lube, one of the nation’s largest Jiffy Lube operators with 70+ locations and 30+ years of operating experience, provides established tenant strength and income reliability.
  • Essential, in-person automotive service use that cannot be replicated online, with the quick-lube sector historically demonstrating resilience across economic cycles.
  • Potential tax benefits may be available, as auto service properties may qualify for accelerated depreciation. Investors should consult their tax or accounting professional for guidance.

**Consult your tax or accounting professional for more information.

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Location

Agents

Broker of Record

Kyle Matthews

License # RB17001213, RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203