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Jiffy Lube 130 S Stephanie St 3,520 SF Retail Building Henderson, NV 89012 $2,610,000 ($741.48/SF) 5.35% Cap Rate


Investment Highlights
- Long-Term Absolute NNN Leased Jiffy Lube
- 10+ Years of Lease Remaining
- 21-Year Operating History | 15-Year Lease Extension in 2021
- Excellent Submarket with High AHHI and Ideal Demographics
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant net-leased Jiffy Lube investment located at 130 S Stephanie Street in Henderson, Nevada. The Tenant extended the lease for 15 years in 2021, underscoring its long-term commitment to the site and serving as a clear testament to the strength of the location. The property is leased to Jiffy Lube, an established, nationally recognized quick-lube brand with long-term demand drivers supported by recurring vehicle maintenance needs.
Positioned along S Stephanie Street, the site benefits from strong visibility and convenient access within one of Henderson’s most active retail corridors, supported by dense residential rooftops and daily commuter traffic. The immediate trade area is surrounded by retail and rooftops providing a consistent draw to the trade area for services.
The building’s drive-in service bay configuration provides functional utility for the tenant and supports long-term real estate relevance, while the surrounding infill nature of the corridor contributes to high barriers to entry and sustained demand for service-oriented retail.
Positioned along S Stephanie Street, the site benefits from strong visibility and convenient access within one of Henderson’s most active retail corridors, supported by dense residential rooftops and daily commuter traffic. The immediate trade area is surrounded by retail and rooftops providing a consistent draw to the trade area for services.
The building’s drive-in service bay configuration provides functional utility for the tenant and supports long-term real estate relevance, while the surrounding infill nature of the corridor contributes to high barriers to entry and sustained demand for service-oriented retail.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,520 SF
Building Class
B
Year Built
2005
Price
$2,610,000
Price Per SF
$741.48
Cap Rate
5.35%
NOI
$139,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.64 AC
Zoning
CC, Henderson
Parking
26 Spaces (7.39 Spaces per 1,000 SF Leased)
Frontage
148’ on Stephanie
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 178-22-112-007 | Improvements Assessment | $196,071 |
| Land Assessment | $204,903 | Total Assessment | $400,975 |
Property Taxes
Parcel Number
178-22-112-007
Land Assessment
$204,903
Improvements Assessment
$196,071
Total Assessment
$400,975
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Presented by
Jiffy Lube | 130 S Stephanie St
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