Jiffy Lube | 9032 Adams Ave
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Jiffy Lube 9032 Adams Ave
2,511 SF Retail Building Huntington Beach, CA 92646 $2,423,400 ($965/SF) 4.50% Cap Rate
EXECUTIVE SUMMARY
RARE ORANGE COUNTY STNL GROUND LEASE OPPORTUNITY
• National Brand – 100% leased to national tenant Jiffy Lube, the largest oil-change chain in the
United States, with 2,000+ franchise locations serving more than 20 million customers annually
» Jiffy Lube was ranked #1 in the Oil-Change Services Category in Entrepreneur’s 2022
Franchise 500.
• NNN Ground Lease – Jiffy Lube is on an absolute NNN ground lease, the most secure and
“hands off” form of real estate investment with minimal landlord responsibilities
• Long-Term Historical Occupancy – Jiffy Lube has operated at this location for +25 years
proving the viability of this property and its location within the trade area
• Recent Renewal – The tenant recently exercised a 5-year option
remaining to 9+ years, fortifying the tenant’s commitment to this location
• Brand New Phase I ESA – A Phase I Environmental Site Assessment was completed in May
2022 and no further testing was recommended
• National Brand – 100% leased to national tenant Jiffy Lube, the largest oil-change chain in the
United States, with 2,000+ franchise locations serving more than 20 million customers annually
» Jiffy Lube was ranked #1 in the Oil-Change Services Category in Entrepreneur’s 2022
Franchise 500.
• NNN Ground Lease – Jiffy Lube is on an absolute NNN ground lease, the most secure and
“hands off” form of real estate investment with minimal landlord responsibilities
• Long-Term Historical Occupancy – Jiffy Lube has operated at this location for +25 years
proving the viability of this property and its location within the trade area
• Recent Renewal – The tenant recently exercised a 5-year option
remaining to 9+ years, fortifying the tenant’s commitment to this location
• Brand New Phase I ESA – A Phase I Environmental Site Assessment was completed in May
2022 and no further testing was recommended
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,511 SF
Building Class
B
Year Built
1998
Price
$2,423,400
Price Per SF
$965
Cap Rate
4.50%
NOI
$109,053
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.34 AC
Zoning
C-G - Retail
Parking
309 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
128 FT on Adams Ave
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 151-191-20 | Improvements Assessment | $416,160 |
| Land Assessment | $1,922,659 | Total Assessment | $2,338,819 |
PROPERTY TAXES
Parcel Number
151-191-20
Land Assessment
$1,922,659
Improvements Assessment
$416,160
Total Assessment
$2,338,819
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Jiffy Lube | 9032 Adams Ave
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