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Jiffy Lube 1950 S Main St 2,520 SF Retail Building Bellefontaine, OH 43311 $799,000 ($317.06/SF) 8% Cap Rate
Investment Highlights
- Listed for $799,000 yielding a cap rate of 8.00%.
- Retail Synergy – Kroger, McDonald’s, Bob Evans, Napa Auto Parts, Burger King, Lowe’s, Arby’s, and More.
- Abs. NNN lease with zero landlord responsibilities.
- Bite-Size Deal – well-below Jiffy Lube national average rent increases the store’s profitability and probability of renewal.
- Recent Extension demonstrates the tenant’s commitment to the location.
- Team Car Care is the #1 Jiffy Lube operator in the country with 400+ units, which provides security of income.
Executive Summary
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,520 SF
Building Class
C
Year Built
1995
Price
$799,000
Price Per SF
$317.06
Cap Rate
8%
NOI
$63,888
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.26 AC
Zoning
B-3 - General Business District
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-106-12-02-013-000 | Improvements Assessment | $62,540 |
| Land Assessment | $35,820 | Total Assessment | $98,360 |
Property Taxes
Parcel Number
17-106-12-02-013-000
Land Assessment
$35,820
Improvements Assessment
$62,540
Total Assessment
$98,360
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Jiffy Lube | 1950 S Main St