Jiffy Lube NNN Property For Sale — El Mirage, AZ
13051 West Thunderbird Road, El Mirage, AZ 85335
This Jiffy Lube property presents an exceptional investment opportunity with a long-term absolute NNN lease, ensuring passive ownership with zero landlord responsibilities. The lease features attractive 10% rent increases every five years. Strategically located in a high-growth area of the Phoenix MSA, the property benefits from significant vehicular traffic and a dense, expanding residential base. The newly constructed 2024 facility incorporates Jiffy Lube's modern Multi-Care concept, offering expanded automotive services. This location is further enhanced by its proximity to major retail anchors, driving substantial customer flow. The tenant, Jiffy Lube, a subsidiary of Shell, Inc., is operated by Arizona's largest Jiffy Lube franchisee, providing strong financial stability and operatio…
- Address: 13051 West Thunderbird Road, El Mirage, AZ 85335
- Asking price $3.98M
- 5.50% cap rate
- NOI $218,942
- 20 years remaining
- NNN lease
- Year built: 2024
- Building size: 2,675 SF
- Lot size: 0.82 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Jiffy Lube property is at 13051 West Thunderbird Road in El Mirage, Arizona.
Asset type: Retail