Jiffy Lube
2,686 SF | Retail Building | Palmdale, CA 93551 | $2,483,420 ($925/SF) | 5% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,483,420
- Property Type
-
Retail
- Square Feet
- 2,686 SF
- Price / Square Foot
- $925
Listing Contacts
John Manion
Verified Profile
Tiffany Curry
Verified Profile
- Property Info
Property Overview
OFFERING: Prime Investment Opportunity to secure a long-term tenant. Invest with confidence knowing that your property is leased to a reputable national tenant with a proven track record. Benefit from a stable and predictable income stream, backed by the financial strength of a well-established business. This investment gem is strategically located in a high-traffic area, ensuring maximum visibility and exposure. Take advantage of the tenant's commitment to the location, contributing to the long-term success and stability of your investment. Do not miss this opportunity to enjoy the benefits of a hands-free investment where the tenant takes care of structure and maintenance, allowing you to sit back and watch your returns grow!
About Jiffy Lube:
Jiffy Lube is a well-known chain of automotive service centers that specializes in quick oil changes and other basic vehicle maintenance services and was founded in 1971. Jiffy Lube quickly adopted a franchise business model, allowing entrepreneurs to open and operate their own Jiffy Lube service centers. This contributed to the rapid expansion of the brand across the United States. The 1980s marked a period of significant growth for Jiffy Lube. The company expanded its range of services beyond oil changes to include various preventive maintenance services. Jiffy Lube operates as a subsidiary of Shell Oil Company, which acquired Pennzoil-Quaker State Company in 2002. Shell Oil is part of the Royal Dutch Shell group. While Jiffy Lube is best known for its oil change services, it also offers other preventive maintenance services such as air filter replacement, brake fluid exchange, transmission services, and more. Jiffy Lube has become a widely recognized and trusted brand in the automotive service industry, known for its quick and convenient maintenance services. The chain continues to evolve to meet the changing needs of vehicle owners while maintaining a focus on preventive care.
About Jiffy Lube:
Jiffy Lube is a well-known chain of automotive service centers that specializes in quick oil changes and other basic vehicle maintenance services and was founded in 1971. Jiffy Lube quickly adopted a franchise business model, allowing entrepreneurs to open and operate their own Jiffy Lube service centers. This contributed to the rapid expansion of the brand across the United States. The 1980s marked a period of significant growth for Jiffy Lube. The company expanded its range of services beyond oil changes to include various preventive maintenance services. Jiffy Lube operates as a subsidiary of Shell Oil Company, which acquired Pennzoil-Quaker State Company in 2002. Shell Oil is part of the Royal Dutch Shell group. While Jiffy Lube is best known for its oil change services, it also offers other preventive maintenance services such as air filter replacement, brake fluid exchange, transmission services, and more. Jiffy Lube has become a widely recognized and trusted brand in the automotive service industry, known for its quick and convenient maintenance services. The chain continues to evolve to meet the changing needs of vehicle owners while maintaining a focus on preventive care.
Property Details
- Class
- B
- Year Built
- 2000
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding, Storefront
- Lot Size (sq. ft)
- 19,602 SF
Highlights
- High-Traffic, High Visibility Location (+/- 51,000 VPD)
- Long-Term Tenant (Occupying Space since 2000)
- Positioned Next to Several National Tenants
- Parking 7.84/1,000
- Freestanding Auto Retail Building
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