Jiffy Lube - Net Lease Property for Sale
Manitowoc, WI
Key Investment Metrics
Price
$2,910,000
Cap Rate
6.5%
Net Operating Income
$188,841
Building Size
3376 SF
Lot Size
3,376 SF
Land Area
0.75 Acres
Remaining Term
10.1 years
Lease Expiration
01/31/2036
Lease Term
15 years
Lease Commencement
01/20/2021
Lease Type
NNN
Year Built
2021
Occupancy
100%
Tenancy
Single
About This Jiffy Lube Net Lease Property
This Jiffy Lube NNN (triple net lease) property is located in Manitowoc, WI and represents an excellent investment opportunity for commercial real estate investors. The property features 3376 square feet of building space and was built in 2021.
With a cap rate of 6.5%, this Jiffy Lube net lease property offers stable income potential. The asking price is $2,910,000, 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.
Manitowoc, WI Market Overview
Located in Manitowoc, WI, this Jiffy Lube property benefits from strong local demographics and market fundamentals. The Manitowoc area offers excellent visibility and accessibility, making it an ideal location for Jiffy Lube operations and a solid investment for net lease property buyers.