Jiffy Lube

7824 Pine Avenue, Chino, CA 92880

$2,872,000

Cap Rate 5.50%

Views: 51 DOM: 70 Updated: 09.16.24 Posted: 07.10.24 Status: Active

Summary

Price $2,872,000	Built/Renov 2020	Tenant Jiffy Lube
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,805	Lease Start 02-01-2020	#Units 2,169
Price/SF $1,023.89	Expiration 02-28-2040	Tenant Type Automotive
NOI $157,943	R. Term 15.5	Ownership Fee Simple
Rent/SF $56.31	Increases 10.0%/5/yrs	Pop 5Mi 220,036
Lot/AC 0.63	Options 4/5yrs/10%	AHHI 5Mi $148,131

Andrew Bogardus

Cushman & Wakefield

Contact

Lease Highlights

Jiffy Lube has 15+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Jiffy Lube is strategically located on Pine Avenue, a major east-west arterial with access to 13,200 vehicles passing by daily. The property is surrounded by well-known national tenants including Stater Bros Markets, 7-Eleven, Chipotle, Rivian, and more. Notable industrial tenants in the vicinity include Amazon, FedEx, DHL, Walmart, NFI, Yokohama Tire, among others. Additionally, the site is...

...

Key Features

New construction
Build to suit
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Absolute NNN
Accelerated depreciation
Traded and rated company
Investment grade tenant

...

Links

Jiffy Lube Wikipedia Jiffy Lube Wikipedia Chino, California Zip Code 91708 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...

...

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT