Listing Summary
This property is a hassle-free investment opportunity with a long-term 20-year Absolute NNN lease signed by Jiffy Lube, featuring 10% rental increases every 5 years and four 5-year renewal options. The brand-new 2024 build-to-suit construction supports Jiffy Lube’s new Multi-Care concept, expanding its services to include tires, brakes, and more.
Full Description
This property is a hassle-free investment opportunity with a long-term 20-year Absolute NNN lease signed by Jiffy Lube, featuring 10% rental increases every 5 years and four 5-year renewal options. The brand-new 2024 build-to-suit construction supports Jiffy Lube’s new Multi-Care concept, expanding its services to include tires, brakes, and more. Located in a high-growth area of the Phoenix MSA, this property benefits from over 250,000 residents within 5 miles and is surrounded by major retailers like a 192,021 SF Wal-Mart Supercenter, Sprouts, and Fry’s Marketplace. With prime street frontage on Thunderbird Road and exposure to over 45,000 vehicles daily, this location is ideal for capturing significant drive-by traffic. The property is backed by Arizona’s largest Jiffy Lube operator, ensuring a stable and reliable tenant.
Quick Glance
- Listing ID:
CL-Arizona-11677
- Status:
Active
- Year Build:
2024
- Building Size:
2,675 SqFt
- Lot Size:
2,675.00 Acre