Jiffy Lube - Wilmington, DE

Listed for $1,337,000 yielding a cap rate of 7.65%.
Jiffy Lube Portfolio – available together or separate. Two properties on co-terminus leases offer diversification on bite-size deals. Other location: 3807 Concord Pike, Wilmington, DE 19803.
Abs. NNN Lease with zero landlord responsibilities.
Corporate Guarantee – Backed by Jiffy Lube International (a wholly-owned subsidiary of Royal Dutch Shell with a market cap of ±$212 billion).
Jiffy Lube is the National Leader in Quick Lube – A leading provider of oil changes and boasts more than 2,000 outlets led throughout North America that are all independently owned by operators.
30+ Years of Operating History as a Jiffy Lube – Mature store with a proven track record of success in the community.
Recent Extension – Tenant recently exercised their option (at FMV) demonstrating commitment to the location. **Contact broker for more details.
Scheduled Rent Increase next Option provides security of income.
Tax Benefits – Auto service properties may be eligible for 100% bonus depreciation. Consult your tax or accounting professional for more information.
Ecommerce & Recession-Proof Investment – Quick lube sector is not heavily affected by changes in the economy.
Heavy Traffic Volume – ±44,000 vehicles per day on Kirkwood Hwy.
Population Growth – 1.2% annual increase in a 1-mi radius of the property.

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