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- LoopNet Team
1645 N 51st Ave
Phoenix, AZ 85035
Jiffy Lube · Retail Property For Sale
PROPERTY FACTS
ABOUT 1645 N 51ST AVE , PHOENIX, AZ 85035
We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant absolute NNN investment that is 100% leased as a Jiffy Lube with approx. 12 years remaining which has just been extended for 7 years. The Tenant, Phoenix Lubrication Services, Inc. currently operates 51 locations with 4 additional stores scheduled to open. Located just off Interstate 10 which see’s over 244,000 VPD, and surrounded by dense mix of residential, retail, and industrial developments; the subject property offers investors long term passive income, attractive 5% rental increases in years 2023 and 2028 providing inflation hedge and rapid increase in NOI. This is an excellent opportunity to acquire a proven single tenant retail asset, operated by an experienced franchisee, with approximately 12 years remaining on the base term, favorable rental increases and zero landlord responsibilities.
PROPERTY TAXES
| Parcel Number | 103-20-003W | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $50,325 |
PROPERTY TAXES
