- The tenant recently signed a brand new 15-year lease with 5 (5-year) option periods to extend, demonstrating their commitment to the site
- The lease features 10% rental increases every five years and at the beginning of each option period, growing NOI and hedging against inflation
- The lease is corporate signed by Jiffy Lube International, Inc., an investment grade and established brand with over 2,000 locations
- The company continues to lead the industry with the evolution of its business model, Jiffy Lube Multicare, which offers oil changes, brakes, batteries, and tires as well as other services consumers want and need
Investment Offering
Anderson, SC - Jiffy Lube
4391 State Highway 24 | Anderson, SC 29626
$2,716,000
Price6.25%
Cap Rate$169,755
NOI4,042
± SF Offering GLA0.83
± AC Land AreaDescription
Location
- Jiffy Lube is strategically located off the signalized, hard corner intersection of State Highway 24 and State Highway 187 averaging 21,500 vehicles per day
- The immediate trade area is supported by surrounding retailers such as Walgreens, Food Lion, Ingles Markets, Burger King, and more
- Equipped with 4 service bays to maximize service and productivity
- The freestanding building benefits from excellent visibility via a large pylon sign