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Jiffy Lube 3140 Maple Valley Dr 2,541 SF Retail Building Madison, WI 53719 $1,793,000 ($705.63/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 8 years of remaining term on a NNN lease, with 10% rent bumps every five years, increases which continue through the four option periods
- Investors can fully depreciate property improvements in year one, creating a significant upfront tax shield and boosting after-tax cash flow
- Property benefits from direct frontage on McKee Road, which sees 18,800 VPD, offering excellent sightlines to passing traffic
- Backed by Team Car Care, their largest and most established franchisee operator with 520+ locations nationwide
- Situated in Madison's primary commercial corridor in close proximity to national retailers and to the University of Wisconsin-Madison
- Property is located in Wisconsin's fastest-growing metro area, situated within a flourishing MSA that boasts more than 700,000 residents
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Jiffy Lube located at 3140 Maple Valley Drive, Madison, Wisconsin. The single tenant net lease asset is 100% occupied by Jiffy Lube, who maintains over 8 years of remaining lease term plus four renewal options, each with a 10% rent increase. The 2,541 SF building was constructed in 2003 and sits on 0.49 acres of land.
The property is strategically positioned within a thriving retail corridor alongside nationally recognized anchors including Target, Hy-Vee, Aldi, and Buffalo Wild Wings, and is just 20 minutes from the University of Wisconsin-Madison. This site capitalizes on exceptional visibility with direct frontage along McKee Road, generating daily traffic volumes of 18,800 vehicles, while benefiting from strong demographics within a five-mile radius where average household incomes exceed $148,000, which is 27% higher than the national average. Located in Wisconsin's fastest-growing metropolitan area serving over 700,000 residents, this combination of high-traffic visibility, affluent demographics, and sustained population growth creates a compelling opportunity in one of the region's most desirable retail markets.
With the return of 100% bonus depreciation, this asset offers an even more compelling investment opportunity. Investors can fully depreciate the building improvements in year one, creating a substantial upfront tax shield. This accelerates cost recovery, boosts after-tax cash flow, and enhances overall returns, adding meaningful value beyond the property's strong real estate fundamentals.
Please refer to the OM for more information on this investment opportunity.
The property is strategically positioned within a thriving retail corridor alongside nationally recognized anchors including Target, Hy-Vee, Aldi, and Buffalo Wild Wings, and is just 20 minutes from the University of Wisconsin-Madison. This site capitalizes on exceptional visibility with direct frontage along McKee Road, generating daily traffic volumes of 18,800 vehicles, while benefiting from strong demographics within a five-mile radius where average household incomes exceed $148,000, which is 27% higher than the national average. Located in Wisconsin's fastest-growing metropolitan area serving over 700,000 residents, this combination of high-traffic visibility, affluent demographics, and sustained population growth creates a compelling opportunity in one of the region's most desirable retail markets.
With the return of 100% bonus depreciation, this asset offers an even more compelling investment opportunity. Investors can fully depreciate the building improvements in year one, creating a substantial upfront tax shield. This accelerates cost recovery, boosts after-tax cash flow, and enhances overall returns, adding meaningful value beyond the property's strong real estate fundamentals.
Please refer to the OM for more information on this investment opportunity.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,541 SF
Building Class
B
Year Built
2003
Price
$1,793,000
Price Per SF
$705.63
Cap Rate
6.50%
NOI
$116,537
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.49 AC
Zoning
CC-T - Commercial Corridor - Transitional District
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
- -
-
Lorem Ipsum
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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 TYPE | LEASE END | |
|
|
Services | - | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0608-013-1021-4 | Improvements Assessment | $1,225,300 |
| Land Assessment | $212,000 | Total Assessment | $1,437,300 |
PROPERTY TAXES
Parcel Number
0608-013-1021-4
Land Assessment
$212,000
Improvements Assessment
$1,225,300
Total Assessment
$1,437,300
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Jiffy Lube | 3140 Maple Valley Dr
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