JIFFY LUBE 7001 265th St NW, Stanwood, WA 98292
Cap Rate 5.75%
Price Per SF $1,103
Leasable Area 1,344 SF
Year Built 1993
Broker of Record
License No. 73743 (WA)
Saratoga Commercial Management, Inc.
228 E. Champion Street, Suite 102 Bellingham, WA 98227
- Rare bite-sized deal with a national tenant in Washington!
- Clean Phase I in Hand – Seller has a clean Phase I Environmental Report for this property in hand.
- Rent Increases – there are 10% rent increases every 5 years to help hedge against inflation
- No maintenance investment – Absolute NNN lease
- New Long-Term Lease – The tenant just recommitted to the site by renewing their lease early for a total of 11-years
- Ideal property for investors looking to fulfill a 1031 exchange
- Washington is an Income tax-free state
- Attractive Potential Tax Benefits – Auto service-based assets may be eligible for an accelerated depreciation schedule
**Consult your tax or accounting professional to see how this will apply to you.
- Stanwood is a bedroom-suburb just a short drive down the I-5 from both Everett & Seattle – one of the nations most rapidly expanding, and most in-demand markets
- Affluent Demographic– Average Incomes within 5-miles of the property exceed $95,000 per year
- Strategic Position – Located along State Route 532, which connects Camano Island to I-5
- Jiffy Lube is the largest and most well-known fast-lube company in North America with over 2,200 locations.
- Operated by Team Car Care, LLC – the largest franchisee in the Jiffy Lube system with over 535 locations across the US
- One of the few retail tenants that offers both an e-commerce and recession proof investment