Jiffy Lube 2500 SE 165th Ave 2,688 SF Retail Building Vancouver, WA 98683 $1,650,000 ($613.84/SF) 6.51% Cap Rate

This asset offers investors a stable, long-term investment with 7+ Years of Firm-Term, 10% Rent Increases every 5 Years, and 2, 5-Year Renewal Options, providing predictable income growth over time.
Constructed in 1998, the property features a 2,688 SQFT building on a 20,473 SQFT lot, strategically positioned adjacent to McDonald’s within a major retail corridor, surrounded by top national and regional retailers including Fred Meyer, T.J. Maxx, Shake Shack, U.S. Bank, and New Seasons Market. The site benefits from excellent visibility and access, with traf fic counts exceeding 28,000 vehicles per day along SE 164th Avenue, ensuring consistent consumer exposure and long-term tenant performance.
This offering represents a truly passive, hands-free investment within the proven automotive sector, located in a high-growth, tax-free state.
INVESTMENT HIGHLIGHTS:
- Zero Landlord Responsibilities: Absolute NNN lease structure offering a true hands-free investment, with no maintenance, management, or expense obligations for ownership.
- Experienced Multi-Unit Franchisee: Operated by a proven franchise group with 60+ Jiffy Lube locations nationwide, demonstrating long-term operational strength and performance within the quick-lube sector.
- Inflation-Protected Lease Structure: Features 7+ years of firm term, 10% rent increases every five years, and two (2) five-year renewal options, ensuring predictable income growth and strong hedge against inflation.
- Prime Retail Synergy: Strategically positioned adjacent to McDonald’s within a high-performing retail corridor, surrounded by major national retailers including Fred Meyer, T.J. Maxx, Shake Shack, U.S. Bank, and New Seasons Market.
- High-Visibility Location: Excellent access and exposure along SE 164th Avenue with 28,000+ vehicles/day, providing steady consumer traffic and supporting long-term tenant success.
- Located in Income-Tax-Free State: Situated in an investor-friendly state with no personal income tax, strong population growth, and a robust local economy anchored by the Portland-Vancouver MSA.