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.