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301 S 1st St, Yakima, WA, 98901

Jiffy Lube
$774,000

Key Information

Cap Rate
7.5%
$ per SF
$334
Tot. SF
2,315
Lot Size
0.3 Acres
Year Built
1983
Term Remaining
± 6.70 Years
Type
Retail
Occupancy
100%
NOI
$58,080

Highlights

  • 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

Photos

Location

Agents

Broker of Record

Brian Brockman

License # 21256, 27380 (WA)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219