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2840 W Clubhouse Dr - Oil Changers | Salt Lake City MSA 2,477 SF Specialty Building Offered at $2,788,000 at a 6% Cap Rate in Lehi, UT 84043
Investment Highlights
- New 15-year absolute NNN lease to Oil Changers, a leading national oil change brand with 200+ locations across North America
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- In February 2025, Valvoline (NYSE: VVV) announced its $625 million acquisition of Breeze Autocare, parent of Oil Changers, adding nearly 200 stores
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- Corporate-backed lease by Oil Changer Holding Corporation provides investor confidence in a proven automotive service brand
- Recently renovated 2,483 SF facility built in 2025, tailored to Oil Changers’ operational needs for quick oil change services
Executive Summary
Prime Retail Location: High-visibility and easily accessible location near the signalized intersection of West Club House Drive and Ashton Boulevard (combined 25,000+ AADT). Reliable Tenancy: Corporate-backed lease by Oil Changer Holding Corporation provides investor confidence in a proven automotive service brand.
Strong Demographic Base: The five-mile radius serves a populous region of 166,706, with an average annual household income of $170,247.
High Visibility Lehi Location: Excellent proximity to Mountainland Technical College – Lehi (3,758 students) and one mile from Lehi’s largest employer, Adobe (apprx. 2,200 employees). Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Oil Changers and Lehi for steady concurrent growth.
Strong Demographic Base: The five-mile radius serves a populous region of 166,706, with an average annual household income of $170,247.
High Visibility Lehi Location: Excellent proximity to Mountainland Technical College – Lehi (3,758 students) and one mile from Lehi’s largest employer, Adobe (apprx. 2,200 employees). Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Oil Changers and Lehi for steady concurrent growth.
Property Facts
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 53-486-0002 | Improvements Assessment | $295,600 |
| Land Assessment | $775,900 | Total Assessment | $1,071,500 |
Property Taxes
Parcel Number
53-486-0002
Land Assessment
$775,900
Improvements Assessment
$295,600
Total Assessment
$1,071,500
Contacts
-
Scott Crowle -
Russell Train -
Michael Yuras -
Vincent Aicale -
Ryan Forsyth -
Cushman & Wakefield
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2840 W Clubhouse Dr - Oil Changers | Salt Lake City MSA
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