Jiffy Lube - NNN Investment Opportunity | 757 W North Temple
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Jiffy Lube - NNN Investment Opportunity 757 W North Temple
2,016 SF Retail Building Salt Lake City, UT 84116 $1,700,000 ($843/SF)
Executive Summary
• NNN Lease: Jiffy Lube is responsible for CAM, Repairs & Maintenance, Utilities, Taxes, and Insurance
• Lease Term: Jiffy Lube has over 4 years of term remaining
• Long-Term Tenancy: The tenant has occupied this location since 1994
• Credit Tenant: Jiffy Lube is a wholly subsidiary of Shell PLC (NYSE: SHEL) featuring AA- credit rating
• Location: Prime visibility and strategically located on the highly-trafficked North Temple corridor (13,759 ADT)
• Strong Area Demographics: Within a 5-mile radius, there are 88,437 households featuring average annual income of $95,539 and population of 209,127
• Covered Land Play: Possible covered land opportunity given the site’s TSA-UN-C Zoning
• Lease Term: Jiffy Lube has over 4 years of term remaining
• Long-Term Tenancy: The tenant has occupied this location since 1994
• Credit Tenant: Jiffy Lube is a wholly subsidiary of Shell PLC (NYSE: SHEL) featuring AA- credit rating
• Location: Prime visibility and strategically located on the highly-trafficked North Temple corridor (13,759 ADT)
• Strong Area Demographics: Within a 5-mile radius, there are 88,437 households featuring average annual income of $95,539 and population of 209,127
• Covered Land Play: Possible covered land opportunity given the site’s TSA-UN-C Zoning
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,016 SF
Building Class
B
Year Built
1975
Price
$1,700,000
Price Per SF
$843
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
2000
Parking
10 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
73 FT on W North Temple
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (87)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 08-35-478-053-0000 | Improvements Assessment | $419,200 |
Land Assessment | $644,600 | Total Assessment | $1,063,800 |
PROPERTY TAXES
Parcel Number
08-35-478-053-0000
Land Assessment
$644,600
Improvements Assessment
$419,200
Total Assessment
$1,063,800
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Jiffy Lube - NNN Investment Opportunity | 757 W North Temple
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