Attractive Price & Cap Rate: Listed for $774,000 yielding a cap rate of 7.50%.
Proven Location & Large Operator: This has been a longstanding quick lube location operated by one of the largest Jiffy Lube franchisees in the nation (Lube Management, 80+).
Secure Income Stream: ±6.70 Years Remaining provides stronger security of income.
Below Market Rent: Current rent is well-below Jiffy Lube national average which improves profitability and the tenant’s probability of renewal.
Tax-Free State: Income Tax Free State of Washington.
Accelerated Depreciation: Auto service properties may be eligible for an accelerated depreciation schedule **Consult your tax or accounting professional for more information.
Ecommerce & Recession-Proof: Quick lube sector is not heavily affected by changes in the economy