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Jiffy Lube

828 W Baseline Rd, Mesa, AZ 85210

$1,044,000

1,589 SF | Retail

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Retail Property For Sale

Price:
$1,044,000
Building Size:
1,589 SF
Price/SF:
$657.02
Property Type:
Retail
Property Sub-type:
Service/Gas Station
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
8%
Tenancy:
Single
Lot Size:
11,968 SF
Listing ID
17987557
Last Updated
18 days ago

Find Out More...

Highlights

  • 25-Year NNN Lease with 11 Years Remaining
  • 10% Rental Increase in 2015
  • Excellent Traffic Counts: 37,500 Average Weekday Volume at Intersection
  • Surrounded by High-Density Commercial and Residential
  • Franchisee Operates Approximately 70 Other Jiffy Lube Locations

Description

Jiffy Lube International, Inc. (JLI), with more than 2,000 franchised service centers in North America, and Jiffy Lube® franchisees serve approximately 22 million customers each year. Headquartered in Houston, Texas, JLI is a wholly owned, indirect subsidiary of Shell Oil Company. Jiffy Lube® service centers are 100% franchise-owned - independently owned and operated by more than 250 entity groups.

Jiffy Lube® is the largest system of franchised service centers in North America and is consistently ranked as one of the top franchising opportunities for entrepreneurs:

- In 2012, Jiffy Lube ranked #15 overall in Entrepreneur Magazine' s Franchise 500 and #1 in its category
- In 2011, Forbes Magazine declared Jiffy Lube #13 on its list of "Top 20 Franchises to Start"
- For the 20th year in a row, Jiffy Lube secured the top spot in National Oil & Lube News' annual TOPS in the Fast Lube Industry Ranking

This location is owned and operated by franchisee and lessor A.G.A. Inc., a subsidiary of Bove Enterprises, which operates approximately 70 Jiffy Lube® locations in the Phoenix metro area. Guarantor Robert Bove is the President of Bove Enterprises.

The property is located on an outparcel to Baseline Pavilion and adjacent to 7-Eleven. The combined average weekday traffic volume at the intersection of Extension Road and Baseline Road is 37,500. Jiffy Lube is within close proximity of Fry's Food Stores, Costco, two Walgreens, and just a mile from the Fiesta Mall, a 926,325 square foot regional shopping center anchored by Macy's, Best Buy, Sears, Dillard's Clearance Center, and Dick's Sporting Goods.

Located in the heart of the Dobson Ranch area of Mesa, Jiffy Lube is ideally surrounded by a mixture of single-family residential, condominiums, and townhouses along with several schools, churches, a municipal complex, a police substation, a fire station, and a branch of the city library. Dobson Ranch is adjacent to two busy freeways for direct routes to neighboring cities. Nearby employers include Banner Desert Medical Center, Boeing, Intel, Mesa Community College, and Arizona State University.

This property is listed in conjunction with Arizona-licensed Retail Advisors S.W. (James Mitchell, designated broker).

Financial Summary

  • Actual
  • $83,520

Map of 828 W Baseline Rd, Mesa, AZ 85210 (Maricopa County)

Research for 828 W Baseline Rd, Mesa, AZ 85210 (Maricopa County)

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  • Research Price – Recent sales of similar properties
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Asking Price Index Trends for Mesa, AZ Retail For Sale

  Jul 14 vs. 3 mo.
prior
Y-O-Y
-
State
$141-0.4%+4.4%
-
Metro
$151+0.4%+8.1%
-
County
$162+0.4%+7.7%
-
City
$144+7.0%+22.8%

View Mesa Market Trends for other property types for sale or lease. Learn more about the chart info.

Jiffy Lube
  • Retail
  • $1,044,000
  • 1,589 SF