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6136 SE 14th Street, Des Moines, IA, 50320

Jiffy Lube
$1,332,000

Key Information

Cap Rate
6%
$ per SF
$622
Tot. SF
2,139
Lot Size
0.63 Acres
Year Built
1986
Type
Retail

Highlights

  • Attractive Price & Cap Rate: Listed for $1,332,000 yielding a cap rate of 6.00%.
  • Absolute NNN Lease: Abs. NNN Lease offers a passive investment for any investor.
  • Corporate Guarantee: Corporate Tenant – backed by Jiffy Lube International (a wholly-owned subsidiary of Monomoy Capital Partners) offers security of income.
  • Annual Rent Increases: Rent Increases – 2% annual rent increases provide an effective hedge against inflation, preserving and growing income.
  • Long-Term Lease: Long-Term Lease of 13+ Years provides significant guaranteed income.
  • Recession-Proof Investment: Ecommerce & Recession-Proof Investment – Quick lube is an essential, in-person automotive service not replicable online and historically resilient across economic cycles. Consumer vehicles require oil changes regardless of market conditions.
  • Tax Benefits: Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule. *Consult your tax or accounting professional for more information.
  • Retail Synergy: Strong Retail Synergy – Neighboring tenants include, Raising Cane’s (new construction), 7 Brew (new construction), Chase Bank, Menard’s, Napa Auto Parts, Taco Bell, Culver’s, Olive Garden & more.
  • Population Growth: Positive Population Growth of ±1.4% annually in a 1-mi radius.

Photos

Location

Agents

Broker of Record

Adam Marek

License # F03991000, S44830000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154