For Sale
Jiffy Lube | Worth, IL
Asking Price: $880,000
| Cap Rate: 6.75%
- Net Operating Income: $59,125
- Weighted Avg. Lease Term (WALT): 3.5 Years
- Lease Type: Absolute Net
Property Highlights
- Leased to Jiffy Lube on an absolute net-lease with a franchisee guarantee (400+ units) featuring zero landlord responsibility with 3.5 years remaining on the lease and (2) 5-year options with 7.5% increases
- Automotive maintenance services remain unaffected by ecommerce disruption and represent an essential need. Jiffy Lube is a leading provider of oil changes and boasts more than 2,000 locations throughout North America
- Ideal high traffic location situated at the hard corner of Southwest Highway and Harlem Avenue which has a combined traffic count of 66,031 VPD
- The site provides points of ingress/egress from both major thoroughfares on Southwest Highway and Harlem Avenue providing excellent visibility in addition to pylon signage
