INVESTMENT HIGHLIGHTS
EXPERIENCED REGIONAL JIFFY LUBE FRANCHISEE
The lease is guaranteed by a franchisee partnership majority owned by K Lube L.C., a successful Jiffy Lube franchisee with over 65 Jiffy Lube locations throughout the Western United States.
LOW RENT & LOW PRICE POINT LOCATION
The total rent paid on an annual basis combines both fixed rent and a percentage of location sales. These attributes are a strong hedge against inflation while also maintaining long-term profit and stability for the operator.
HIGH-TRAFFIC, HIGH-VISIBILITY LOCATION
West Nob Hill Blvd is a main arterial through Yakima, WA and sees in excess of 22,000 VPD. The Property is centrally located between Wal-Mart and I-82.
MINIMAL LANDLORD RESPONSIBILITY
The Property features limited landlord responsibility of only structural repairs to the premises.
24+ YEARS OF SUCCESSFUL OPERATING HISTORY
The Property has operated as a successful oil change businesses since 1983, and has been a Jiffy Lube Mulitcare location since 2013.
JIFFY LUBE MULTICARE SERVICES OFFERED
This location offers additional services beyond the standard oil change. These services include: new batteries, brake replacement, engine adjustments, filter & fluid replacement, suspension, and tire rotation. This provides versatility and diversification to the Tenant’s business and multiple sources of revenue.
STRONG DEMOGRAPHICS WITH INCREASING VISITS
In the last decade, within a 5-mile radius of the subject property, the population has grown by 8.53%. Per Placer.ai, this location has seen a 54.8% increase in visitors over the past 3 years.
CONCRETE TILT UP CONSTRUCTION
The property was constructed using long-lasting and durable concrete tilt up construction, rather than cheaper alternatives.
INCOME TAX FREE STATE
Washington State is an income tax free state.
Listing Agents:
CLAYTON J. BROWN
