Jiffy Lube NNN Property For Sale — Ville Platte, LA
1333 E. Main St., Ville Platte, LA 70586
This Jiffy Lube property presents a compelling NNN investment opportunity. Recent capital improvements and a lease extension demonstrate the tenant's strong commitment. The lease features attractive 12.5% rent increases every five years, providing an effective hedge against inflation. Jiffy Lube, a subsidiary of Shell Oil Company, is a leading brand in the quick-lube industry with over 2,100 locations. The property is operated by Team Car Care, the largest Jiffy Lube franchisee with over 400 locations, ensuring stable and reliable income. Auto service properties may offer potential tax advantages through accelerated depreciation benefits. The quick-lube sector is e-commerce and recession-resistant, maintaining stability through economic cycles. The surrounding area has experienced consist…
- Address: 1333 E. Main St., Ville Platte, LA 70586
- Asking price $786,000
- 7.00% cap rate
- NOI $55,000
- 9.6 years remaining
- NNN lease
Asset type: Auto Service