Recent Capital Improvements & Lease Extension – Recent capital improvements and a lease extension by the tenant demonstrate a strong commitment to the property.
Strong Operator – Team Car Care – Team Car Care is the largest Jiffy Lube franchise operator in the United States, with 400+ locations, providing stability and reliability of income.
Attractive Rent Growth – Rare 12.5% scheduled rent increases provide an effective hedge against inflation and long-term income growth.
Industry-Leading Brand – Jiffy Lube is the national leader in the quick-lube industry and a subsidiary of Shell Oil Company. The brand operates 2,100+ locations across North America, all independently owned and operated.
Potential Tax Advantages – Auto service properties may qualify for accelerated depreciation benefits. Investors should consult their tax or accounting professional for details.
E-Commerce & Recession-Resistant Sector – Quick-lube services are largely insulated from e-commerce disruption and tend to remain stable through economic cycles.
Strong Population Growth – The surrounding area has experienced ±1.5% annual population growth within a 3-mile radius over the past five years, supporting long-term demand.