Jiffy Lube

1945 South Country Club Drive, Mesa, AZ 85210

$1,742,000

Cap Rate 6.67%

Views: 167 DOM: 292 Updated: 10.25.24 Posted: 06.15.24 Status: Active

Summary

Price $1,742,000	Built/Renov 1982	Tenant Jiffy Lube
Cap Rate 6.67%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,670	Lease Start 10-28-2011	#Units 50
Price/SF $1,043.11	Expiration 10-27-2026	Tenant Type Automotive
NOI $116,160	R. Term 1.6	Ownership Fee Simple
Rent/SF $69.56	Increases 10.0%/2/yrs	Pop 5Mi 425,420
Lot/AC 0.27	Options 3/5yrs/10%	AHHI 5Mi $94,353

Eric Carlton

Colliers NNN Group

Contact

Lease Highlights

Jiffy Lube has 2+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Phoenix Lubrication Services, Inc. (50 units backed)

Location Description

Jiffy Lube is strategically located at the signalized, hard corner intersection of South Country Club Drive and West Baseline Road, with access to a substantial combined daily traffic count of 84,595 vehicles. The property is adjacent to Highway 60/Superstition Highway and surrounded by well-known Costco, Walmart Supercenter, The Home Depot, WinCo, Fry’s, 7-Eleven, and more. The 5-mile trade...

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Key Features

Signalized intersection
Build to suit
In location for years
High traffic 50M+ VPD
Dense retail corridor
Top 100 MSA
Strong demographics
Absolute NNN
Accelerated depreciation
50+ unit franchisee backed

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Links

Jiffy Lube Wikipedia Jiffy Lube Wikipedia Mesa, Arizona Zip Code 85210 Broker Site Page

Maps

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Terms

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Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Jiffy Lube
Guarantor:Franchisee
Company:Phoenix Lubrication Services, Inc.
# Units:50
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
2029 Total Population :	14,002	158,319	437,576
2024 Total Population :	13,990	154,016	429,628
2024 Employed Civilian Pop :	8,153	86,445	239,008
2024 Total Businesses :	815	7,172	15,376
2024 Average Household Income :	$ 92,983	$ 92,143	$ 100,280
2024 Total Consumer Spending :	$ 490 M	$ 4910 M	$ 14866 M
2024 Median Age :	34	34	35
2024 Total Households :	5,914	60,067	168,047
2024 Pop Age 25+: Bachelor's Degree :	2,001	22,016	67,875
2024 Average Home Value :	$ 548,992	$ 460,069	$ 485,555

*ESRI data is presented for informational purposes only

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

180 Listings
33299 Views
67 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jiffy Lube

1945 South Country Club Drive, Mesa, AZ 85210

$1,742,000

Cap Rate 6.67%

Summary

Eric Carlton

Colliers NNN Group

Lease Highlights

Location Description

Key Features

Links

Documents

Maps

Tenant

About Tenant

Demographics

Listing Broker

Eric Carlton

Disclaimer & Confidentiality

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