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Jiffy Lube 640 N Wayne St 2,068 SF Retail Building Angola, IN 46703 $1,771,000 ($856.38/SF) 6.75% Cap Rate
Investment Highlights
- Offered at $1,771,000, reflecting a 6.75% cap rate.
- 11+ years of remaining lease term, offering income security. The tenant recently executed an early lease extension.
- Allied Lube, one of the nation’s largest Jiffy Lube operators with 70+ locations and 30+ years of operating experience.
- Absolute NNN lease structure with zero landlord responsibilities, providing passive ownership.
- Approximately 1.3% annual rent increases provide scheduled income growth and inflation protection throughout the lease term.
- Essential, in-person automotive service use that cannot be replicated online, with the quick-lube sector historically demonstrating resilience.
Executive Summary
License # RB17001213, RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
-
$9.99
-
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 End | ||
|
|
Services | - | $9.99 | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $443,500 | |
| Land Assessment | $450,000 | Total Assessment | $893,500 |
Property Taxes
Presented by
Jiffy Lube | 640 N Wayne St
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