Jiffy Lube

1100 North Park Drive, Broken Bow, OK 74728

$2,324,000

Cap Rate 6.00%

Views: 84 Updated: 11.28.23 Posted: 07.27.23 Status: Inactive

Summary

Price $2,324,000	Built/Renov 2023	Tenant Jiffy Lube
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,025	Lease Start 01-18-2023	#Units 2,169
Price/SF $768.26	Expiration 01-31-2038	Tenant Type Automotive
NOI $139,416	R. Term 13.1	Ownership Fee Simple
Rent/SF $46.09	Increases 10.0%/6/yrs	Pop 5Mi 7,416
Lot/AC 0.30	Options 4/5yrs/10%	AHHI 5Mi $54,795

Joe Caputo

Secure Net Lease

Contact

Lease Highlights

Brand new 2023 construction
Jiffy Lube recently signed a new 15-year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years starting in year 6 in the primary term and year 16 in options
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

This newly constructed Jiffy Lube is strategically located near the hard corner intersection of W. 11th Street and N. Park Drive (State Hwy 259) with clear visibility and access to 12,400 vehicles passing by daily. The subject property features extra services such as brakes, battery, engine, fluids, and suspension. The site is located near several neighborhoods and has limited competition in...

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Key Features

New construction
Build to suit
Major thoroughfare
Near major nationals
Highway close
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Jiffy Lube Wikipedia Jiffy Lube Wikipedia Broken Bow, Oklahoma Zip Code 74728 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Jiffy Lube
Guarantor:Corp T and Rated
Company:Shell plc
# Units:2,169
Tenant S&P: A+
Moody’s: Aa2
Stock:NYSE: SHEL

About Tenant

Jiffy Lube International, Inc., dba Jiffy Lube, is an automotive service chain offering oil changes and various other services. Besides oil changes, Jiffy Lube facilities offer a wide range of...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,992	5,427	7,201
2023 Total Population :	3,050	5,513	7,296
2023 Employed Civilian Pop :	1,177	2,215	2,947
2023 Total Businesses :	173	308	347
2023 Average Household Income :	$ 54,534	$ 56,111	$ 59,010
2023 Total Consumer Spending :	$ 59 M	$ 105 M	$ 147 M
2023 Median Age :	35	38	40
2023 Total Households :	1,216	2,110	2,798
2023 Pop Age 25+: Bachelor's Degree :	253	397	575
2023 Average Home Value :	$ 190,025	$ 210,505	$ 214,520

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Park Dr	W 11th St	2003	6,900	0.08 mi
North Park Drive	E2050	2019	7,900	0.10 mi
West Sherry Lane	Roy Scott Arena Rd	2019	1,800	0.60 mi
West Craig Road	Church St	2019	4,100	0.86 mi
East Doctor Martin Luther King Junior Drive	Lukfata St	2019	7,000	0.90 mi
West Choctaw Street	Judi Ln	2019	2,100	1.22 mi
	Hollis Roberts Dr	2019	5,900	1.56 mi
World War I Choctaw Code Talkers Highway	N4660	2019	4,100	1.64 mi
South Park Drive	E2070	2019	15,500	1.65 mi
S Park Dr	W Memorial Rd	2003	17,300	1.76 mi

Listing Broker

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