Jiffy Lube - Net Lease Property for Sale
Billings, MT
Key Investment Metrics
Price
$2,388,000
Cap Rate
5.8%
Net Operating Income
$137,334
Building Size
4205 SF
Lot Size
4,205 SF
Land Area
0.69 Acres
Remaining Term
9.9 years
Lease Expiration
11/29/2035
Lease Term
20 years
Lease Commencement
11/30/2015
Lease Type
Absolute NNN
Year Built
2015
Occupancy
100%
Tenancy
Single
Rent Increases
10% every 5 years
About This Jiffy Lube Net Lease Property
This Jiffy Lube NNN (triple net lease) property is located in Billings, MT and represents an excellent investment opportunity for commercial real estate investors. The property features 4205 square feet of building space and was built in 2015.
With a cap rate of 5.8%, this Jiffy Lube net lease property offers stable income potential. The asking price is $2,388,000, making it an attractive option for 1031 exchange investors seeking quality Jiffy Lube commercial properties.
Why Invest in Jiffy Lube NNN Properties?
- Stable Income: Jiffy Lube net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Jiffy Lube is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Billings, MT Market Overview
Located in Billings, MT, this Jiffy Lube property benefits from strong local demographics and market fundamentals. The Billings area offers excellent visibility and accessibility, making it an ideal location for Jiffy Lube operations and a solid investment for net lease property buyers.