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Investment Highlights

  • Absolute NNN
  • Nearby Freeway Access
  • Monument Signage

Executive Summary

ABSOLUTE NNN - JIFFY LUBE, a single-tenant net-leased property strategically located at 1645 North 51st Avenue in Phoenix, Arizona. This absolute NNN investment offers a rare opportunity to acquire a zero-management asset with long-term, contractually escalating income. This is a long-standing tenant operating at the location since 2008. Tenant covers all building and property maintenance, including roof, structure, taxes, parking, etc.

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,936 SF
Building Class
B
Year Built/Renovated
1987/2008
Price
$1,899,000
Price Per SF
$980.89
Cap Rate
6.36%
NOI
$120,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.38 AC
Zoning
C-2

Amenities

  • 24 Hour Access
  • Signage
  • Drive Thru
  • Monument Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Services
  • 99,999 SF
  • -
  • Jan 0000

Jiffy Lube® is a leading provider of automotive preventive maintenance. With a national footprint of franchisee owned service centers across the country, Jiffy Lube offers a range of services from oil changes and tire rotations, to everything in between. Jiffy Lube technicians are not just highly trained in preventive maintenance, they are also highly trained in customer service. So if clients have any questions about vehicle maintenance or the services performed at any Jiffy Lube service center, a technician will help them find the resources and information they need, whether it’s in-store, online or by accessing the client's vehicle manufacturer’s recommendations. It’s just another way Jiffy Lube strives each and every day to help customers Leave Worry Behind® .

Tenant Industry SF Occupied Rent/SF Lease End
Services 99,999 SF - Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100

Nearby Major Retailers

IHOP
Filiberto's Mexican Food
Smart & Final Extra!
Cardenas
Chase

Property Taxes

Property Taxes

Parcel Number
103-20-003W
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$50,325
  • Listing ID: 41860580

  • Date on Market: 8/24/2026

  • Last Updated:

  • Address: 1645 N 51st Ave, Phoenix, AZ 85035

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