Published on: Tuesday, September 3, 2024
Updated on: Tuesday, September 3, 2024
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About the Lister
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Name: Tim Westfall
Company: Echo West Capital Advisors
Office Phone: 602.628.6298
Cell Phone: 602.628.6298
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Financing  Business  Material
  Jiffy Lube Multi-Care
13051 W Thunderbird Rd El Mirage Arizona , 85335
13051 W Thunderbird Rd El Mirage Arizona                                                                                             , 85335 Echo West Capital Advisors
Listing ID: CL-Arizona-11677

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.5
Net Operating Income: $217,000
Commission Split (%): 0
Quick Glance
Listing ID: CL-Arizona-11677
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2024
Building Size: 2,675 SqFt
Lot Size: 2,675 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
This property is a hassle-free investment opportunity with a long-term 20-year Absolute NNN lease signed by Jiffy Lube, featuring 10% rental increases every 5 years and four 5-year renewal options. The brand-new 2024 build-to-suit construction supports Jiffy Lube’s new Multi-Care concept, expanding its services to include tires, brakes, and more.
Complete Details
Year Build: 2024
Building Size: 2,675 SqFt.
No of Stories: 1
Total Lot Area: 2675 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
This property is a hassle-free investment opportunity with a long-term 20-year Absolute NNN lease signed by Jiffy Lube, featuring 10% rental increases every 5 years and four 5-year renewal options. The brand-new 2024 build-to-suit construction supports Jiffy Lube’s new Multi-Care concept, expanding its services to include tires, brakes, and more. Located in a high-growth area of the Phoenix MSA, this property benefits from over 250,000 residents within 5 miles and is surrounded by major retailers like a 192,021 SF Wal-Mart Supercenter, Sprouts, and Fry’s Marketplace. With prime street frontage on Thunderbird Road and exposure to over 45,000 vehicles daily, this location is ideal for capturing significant drive-by traffic. The property is backed by Arizona’s largest Jiffy Lube operator, ensuring a stable and reliable tenant.
Additional Properties
Property Tenants
  • Brand/Tenant Jiffy Lube
  • Lease Type Absolute NNN
  • 4, 5-year options and attractive ten percent (10%) increases to occur every 5 years.
Property Highlights
  • Quality 2024 build-to-suit construction to accommodate Jiffy Lube’s new Multi-Care concept which offers an expanded suite of automotive repair services including, but not limited to, tires, brakes, transmissions, and oil/lube.
Listing Location
Attached Documents
  • Download | Jiffy Lube El Mirage, AZ Final OM.pdf ( 12,364.97KB)
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