Jiffy Lube | 55 N White Horse Pike
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Jiffy Lube 55 N White Horse Pike
1,866 SF Retail Building Audubon, NJ 08106 £790,010 (£423/SF) 7.22% Net Initial Yield
Investment Highlights
- +/-5 Years Remaining on an Absolute Net Lease with Team Car Care Group (550+ Units)
- Annual Increases at the Greater of CPI or 2.5% Throughout the Base Term and Options Provides a Hedge Against Inflation
- Long-Term Historical Occupancy | Location has Operated as Jiffy Lube for Nearly 30 years
- Largest Jiffy Lube Operator in the Country | Formely known as Heartland Automotive
- Average Return over the Remaining Firm Term of the Lease is 7.55% at List Price
- Average Household Income within 1 and 3-Miles | $91,828 & $89,287 Per Year
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,866 SF
Building Class
C
Year Built/Renovated
1993/2018
Price
£790,010
Price Per SF
£423
Net Initial Yield
7.22%
NOI
£57,032
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Land Acres
0.35 AC
Zoning
CC
Parking
8 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Pylon Sign
- Signage
- Signalised Intersection
Walk Score ®
Very Walkable (82)
Nearby Major Retailers
1 of 8
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Jiffy Lube | 55 N White Horse Pike
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