700 SE Bishop Blvd, Pullman, WA, 99163
Jiffy Lube
Key Information
Highlights
• Listed at $1,250,000 yielding a 6.75% cap rate.
• Long-Term Lease of 12+ Years provides strong security of income and demonstrates the tenant’s commitment to the location.
• Annual Rent Increases of 2% provide a hedge against inflation.
• Abs. NNN Lease offers a passive ownership structure for any investor.
• Ecommerce & Recession-Proof Investment – Quick lube is an essential, in-person automotive service not replicable online and historically resilient across economic cycles.
• Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule. **Consult your tax or accounting professional for more information.
• Strategic Corner Parcel — Situated on approximately 0.65 acres (28,087 SF) with dedicated on-site parking and strong visibility along SE Bishop Boulevard, a primary commercial corridor in Pullman, Washington.
• Income Tax-Free State of Washington.
• Jiffy Lube is the National Leader in Quick Lube – A leading provider of oil changes and a subsidiary of Shell Oil Company, Jiffy Lube boasts more than 2,100 outlets throughout North America that are all independently owned by operators.
• Located in Pullman, home to Washington State University, one of the largest universities in the Pacific Northwest, supporting a stable regional economy driven by education, healthcare, and local commerce.
• Strong Retail Synergy – across the street from Walmart Supercenter, providing heavier car and foot traffic volume.
• Located next to Pullman Regional Hospital – recent $41 million emergency and laboratory expansion project in 2026.
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