45 W Combs Rd
San Tan Valley, AZ 85140
Jiffy Lube | New 20 Year Absolute NNN Lse · Retail Property For Sale

CBRE and the Net Lease Property Group in Phoenix have exclusively listed a new single-tenant Jiffy Lube® (The “Property”) for sale. The Property is located at 45 West Combs Road in San Tan Valley (Phoenix), Arizona, at the Southwest corner of Gantzel Road and Combs Road. The building is currently under construction and is made up of ±3,272 rentable square feet on approximately ±49,014 square feet of land. The investment consists of a brand-new 20-year single-tenant absolute triple-net (NNN) lease with Jiffy Lube® (dba Phoenix Lubrication Services, Inc). The lease includes attractive 10% rental increases every five years in the initial term and throughout the two (2), ten (10) year options. Jiffy Lube® is a leading provider of automotive preventive maintenance. With a national footprint of more than 2,000 franchisee owned service centers across the country, Jiffy Lube® offers a range of services from oil changes and tire rotations, to everything in between. Today, more than 20 million customers rely on Jiffy Lube® to keep their vehicles running the way the vehicle manufacturer intended. The Property benefits from a great location that is adjacent to a successful Fry’s (Kroger) grocery anchored shopping center called Circle Cross Ranch. The Jiffy Lube® is next door to Banner Ironwood Medical Center and across the street from the new Encanterra®, a Trilogy® Resort Community which to date has sold over 1,575 homes with approximately 2,470 planned for the 55+ master planned neighborhood.