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Jiffy Lube 6136 SE 14th St 2,139 SF Retail Building Des Moines, IA 50320 $1,332,000 ($622.72/SF) 6% Cap Rate
Investment Highlights
- Listed for $1,332,000 yielding a cap rate of 6.00%
- Corporate Tenant - backed by Jiffy Lube International (a wholly-owned subsidiary of Monomoy Capital Partners) offers security of income
- Long-Term Lease of 13+ Years provides significant guaranteed income
- Abs. NNN Lease offers a passive investment for any investor
- Rent Increases - 2% annual rent increases provide an effective hedge against inflation, preserving and growing income
- Tax Benefits - Auto service properties may be eligible for an accelerated depreciation schedule
Executive Summary
Adam Marek
Pacific Realty Commercial, LLC
License # F03991000, S44830000 (IA)
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
Pacific Realty Commercial, LLC
License # F03991000, S44830000 (IA)
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,139 SF
Building Class
C
Year Built
1986
Price
$1,332,000
Price Per SF
$622.72
Cap Rate
6%
NOI
$79,949
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.63 AC
Zoning
C-2
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 120-04472277000 | Improvements Assessment | $168,000 |
| Land Assessment | $340,000 | Total Assessment | $508,000 |
Property Taxes
Parcel Number
120-04472277000
Land Assessment
$340,000
Improvements Assessment
$168,000
Total Assessment
$508,000
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Jiffy Lube | 6136 SE 14th St
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