Jiffy Lube

• Long-Term Lease Commitment – The tenant recently exercised its first five-year extension option in August 2026, demonstrating continued commitment to the site and providing long-term income stability.
• Strong Franchisee Operator – The corporate entity, Jiffy Lube, LLC, was assigned the lease, with Premium Velocity Auto, LLC (PVA) as sublessee. PVA is the second-largest Jiffy Lube franchisee, operating 360+ locations across 20 states, making this a reliable operator for any investor.
• Larger-Format Quick Lube Facility – The property features a four-bay oil change operation, providing a larger-than-typical quick lube footprint and supporting efficient operations and customer throughput.
• Attractive 10% Rent Increases – The lease provides for 10% rent increases at the commencement of each five-year lease period, providing built-in income growth throughout the initial term and renewal options.
• Absolute Triple Net (NNN) Lease – The lease is structured as an absolute NNN, with the tenant responsible for all insurance, utilities, taxes, repairs, and maintenance, resulting in minimal landlord responsibilities. Structured to make this a hands-free, passive investment for any investor.
• Strong Local Demographics – The property is positioned in the heart of Ahwatukee, a well-established Phoenix community with strong household demographics. Within 3 miles, the area supports approximately 91,000 residents and an average household income of approximately $150,987, providing a strong consumer base for everyday automotive services.
• High-Traffic Retail Corridor – Located at Warner Road and 48th Street, the property benefits from strong visibility and surrounding retail activity, with approximately 53,500 vehicles per day at the intersection. Nearby Ahwatukee Palms Plaza is anchored by Bashas and includes national and regional retailers, creating a well-established commercial node.
• Strong Access & Regional Connectivity – The property offers convenient access to I-10 and major Phoenix-area employment and retail corridors. The location is surrounded by established residential neighborhoods and is positioned near major shopping, dining, and recreational amenities throughout Ahwatukee.