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Jiffy Lube 3046 Maple Ave 1,551 SF Retail Building Zanesville, OH 43701 $1,269,000 ($818.18/SF) 6.50% Cap Rate
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities and ±8.6 years remaining.
- 10% rent increases every 5 years provide a strong inflation hedge.
- Located on Maple Ave with ±24,000 vehicles per day and strong retail synergy.
- Listed at $1,269,000 with a 6.50% cap rate and $82,500 annual rent.
- Operated by Team Car Care, the #1 Jiffy Lube franchisee with 400+ locations.
- Proximate to Genesis Hospital, a major regional employer with 300+ physicians.
Executive Summary
Matt Wallace
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,551 SF
Year Built
1993
Price
$1,269,000
Price Per SF
$818.18
Cap Rate
6.50%
NOI
$82,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.29 AC
Zoning
C-4
Parking
7 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
112’ on Maple Ave
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 85-39-02-10-000 | Improvements Assessment | $79,660 |
| Land Assessment | $44,205 | Total Assessment | $123,865 |
Property Taxes
Parcel Number
85-39-02-10-000
Land Assessment
$44,205
Improvements Assessment
$79,660
Total Assessment
$123,865
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Jiffy Lube | 3046 Maple Ave
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