7001 265th St NW
Stanwood, WA 98292
Jiffy Lube · Retail Property For Sale

INVESTMENT HIGHLIGHTS - Rare bite-sized deal with a national tenant in Washington! - Clean Phase I in Hand – Seller has a clean Phase I Environmental Report for this property in hand. - Rent Increases – there are 10% rent increases every 5 years to help hedge against inflation - No maintenance investment – Absolute NNN lease - New Long-Term Lease – The tenant just recommitted to the site by renewing their lease early for a total of 11-years - Ideal property for investors looking to fulfill a 1031 exchange - Washington is an Income tax-free state - Attractive Potential Tax Benefits – Auto service-based assets may be eligible for an accelerated depreciation schedule **Consult your tax or accounting professional to see how this will apply to you. LOCATION HIGHLIGHTS - Stanwood is a bedroom-suburb just a short drive down the I-5 from both Everett & Seattle – one of the nations most rapidly expanding, and most in-demand markets - Affluent Demographic– Average Incomes within 5-miles of the property exceed $95,000 per year - Strategic Position – Located along State Route 532, which connects Camano Island to I-5 TENANT HIGHLIGHTS - Jiffy Lube is the largest and most well-known fast-lube company in North America with over 2,200 locations. - Operated by Team Car Care, LLC – the largest franchisee in the Jiffy Lube system with over 535 locations across the US - One of the few retail tenants that offers both an e-commerce and recession proof investment