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3725 Kirkwood Hwy
Wilmington, DE 19808
Jiffy Lube · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- JIFFY LUBE PORTFOLIO -- available together or separate. Other location: 3807 Concord Pike, Wilmington, DE 19803.
- Corporate Guaranty – backed by Jiffy Lube International (a wholly-owned subsidiary of Royal Dutch Shell with a market cap of ±$212 billion)
- Recent Extension – Tenant recently exercised their option (at FMV) demonstrating commitment to the location. **Contact broker for more details.
- Abs. NNN Lease with zero landlord responsibilities.
- 30+ Years of Operating History as a Jiffy Lube – Mature store with a proven track record of success in the community.
- Scheduled Rent Increase next Option provides security of income.
EXECUTIVE SUMMARY
Chris Castagno
License # RM-0000432 (DE)
Matthews Real Estate Investment Services
621 Delaware Street, Suite 100, New Castle, DE 19720
(866) 889-0550
License # RM-0000432 (DE)
Matthews Real Estate Investment Services
621 Delaware Street, Suite 100, New Castle, DE 19720
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,024 SF
Building Class
C
Year Built
1986
Price
$1,337,000
Price Per SF
$660.57
Cap Rate
7.65%
NOI
$102,223
Tenancy
Single
Building Height
1 Story
Zoning
CR
Parking
8 Spaces (3.95 Spaces per 1,000 SF Leased)
Frontage
72’ on Kirkwood Hwy
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 08-039.30-208 | Improvements Assessment | $90,600 |
| Land Assessment | $106,700 | Total Assessment | $197,300 |
PROPERTY TAXES
Parcel Number
08-039.30-208
Land Assessment
$106,700
Improvements Assessment
$90,600
Total Assessment
$197,300
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