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1864 Main St
Ramona, CA 92065

Jiffy Lube: Ramona, CA · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
5,439 SF
Building Class
C
Year Built
2018
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
1.08 AC
Zoning
C
Parking
26 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
135 ft on Pala St

About 1864 Main St , Ramona, CA 92065

• Corporately Guaranteed: Jiffy Lube is the largest oil-change chain in the United States, with 2,000+ franchise locations serving more than 20 million customers annually. Founded in 1979 and currently headquartered in Houston, TX, Jiffy Lube International, Inc., the Tenant under the Lease, is a wholly-owned, indirect subsidiary of Shell Oil Company and serves as the franchisor for the Jiffy Lube brand which is 100% franchised. • Long-Term Absolute NNN Lease: New 20-year lease with four 5-year renewal options will commence in March 2019—No Landlord responsibilities. • Attractive Rent Escalations: 10.5% rent increases every 5 years throughout the initial term and option periods. • New Construction: The newly constructed building is a prototype for Jiffy Lube’s expanded business model. While offering oil changes, Jiffy Lube will also provide services for tires, brakes and engine diagnostics to better suit its customers’ needs.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
282-150-33
Land Assessment
£557,912
Improvements Assessment
£479,485
Total Assessment
£1,037,397
  • Listing ID: 13880885

  • Date on Market: 25/09/2018

  • Last Updated:

  • Address: 1864 Main St, Ramona, CA 92065

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