Jiffy Lube | 1040 W Rancho Vista Blvd
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Jiffy Lube 1040 W Rancho Vista Blvd
3,052 SF Retail Building Palmdale, CA 93551 $2,483,420 ($814/SF) 5% Cap Rate
Investment Highlights
- High-Traffic, High Visibility Location (+/- 51,000 VPD)
- Positioned Next to Several National Tenants
- Freestanding Auto Retail Building
- Long-Term Tenant (Occupying Space since 2000)
- Parking 7.84/1,000
Executive Summary
OFFERING: Prime Investment Opportunity to secure a long-term tenant. Invest with confidence knowing that your property is leased to a reputable national tenant with a proven track record. Benefit from a stable and predictable income stream, backed by the financial strength of a well-established business. This investment gem is strategically located in a high-traffic area, ensuring maximum visibility and exposure. Take advantage of the tenant's commitment to the location, contributing to the long-term success and stability of your investment. Do not miss this opportunity to enjoy the benefits of a hands-free investment where the tenant takes care of structure and maintenance, allowing you to sit back and watch your returns grow!
About Jiffy Lube:
Jiffy Lube is a well-known chain of automotive service centers that specializes in quick oil changes and other basic vehicle maintenance services and was founded in 1971. Jiffy Lube quickly adopted a franchise business model, allowing entrepreneurs to open and operate their own Jiffy Lube service centers. This contributed to the rapid expansion of the brand across the United States. The 1980s marked a period of significant growth for Jiffy Lube. The company expanded its range of services beyond oil changes to include various preventive maintenance services. Jiffy Lube operates as a subsidiary of Shell Oil Company, which acquired Pennzoil-Quaker State Company in 2002. Shell Oil is part of the Royal Dutch Shell group. While Jiffy Lube is best known for its oil change services, it also offers other preventive maintenance services such as air filter replacement, brake fluid exchange, transmission services, and more. Jiffy Lube has become a widely recognized and trusted brand in the automotive service industry, known for its quick and convenient maintenance services. The chain continues to evolve to meet the changing needs of vehicle owners while maintaining a focus on preventive care.
About Jiffy Lube:
Jiffy Lube is a well-known chain of automotive service centers that specializes in quick oil changes and other basic vehicle maintenance services and was founded in 1971. Jiffy Lube quickly adopted a franchise business model, allowing entrepreneurs to open and operate their own Jiffy Lube service centers. This contributed to the rapid expansion of the brand across the United States. The 1980s marked a period of significant growth for Jiffy Lube. The company expanded its range of services beyond oil changes to include various preventive maintenance services. Jiffy Lube operates as a subsidiary of Shell Oil Company, which acquired Pennzoil-Quaker State Company in 2002. Shell Oil is part of the Royal Dutch Shell group. While Jiffy Lube is best known for its oil change services, it also offers other preventive maintenance services such as air filter replacement, brake fluid exchange, transmission services, and more. Jiffy Lube has become a widely recognized and trusted brand in the automotive service industry, known for its quick and convenient maintenance services. The chain continues to evolve to meet the changing needs of vehicle owners while maintaining a focus on preventive care.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
3,052 SF
Building Class
B
Year Built
2000
Price
$2,483,420
Price Per SF
$814
Cap Rate
5%
NOI
$124,171
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.45 AC
Zoning
M11/2-B2, County
Parking
16 Spaces (7.84 Spaces per 1,000 SF Leased)
Frontage
138 FT on W Rancho Vista
Amenities
- Bus Line
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 3003-003-063 | Improvements Assessment | $998,784 |
| Land Assessment | $1,498,176 | Total Assessment | $2,496,960 |
PROPERTY TAXES
Parcel Number
3003-003-063
Land Assessment
$1,498,176
Improvements Assessment
$998,784
Total Assessment
$2,496,960
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Jiffy Lube | 1040 W Rancho Vista Blvd
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