13051 Thunderbird RdEl Mirage, AZ 85335

This exceptional investment opportunity presents a brand-new, 2,675 square foot Jiffy Lube located in El Mirage, Arizona, at 13051 W Thunderbird Rd, 85335. Built in 2024, this single-story building sits on a 0.82-acre lot and features a 20-year absolute NNN lease with a franchisee tenant, commencing September 1, 2024, and expiring September 30, 2044. The lease includes four, five-year renewal options with a 10% rent increase every five years. The property boasts a strong 5.50% cap rate and a substantial net operating income (NOI) of $218,942. The asking price is $3,980,764, translating to $1,488.14 per square foot. This prime location benefits from high traffic volume exceeding 45,000 vehicles daily at the intersection of Dysart and Thunderbird Roads, and enjoys excellent visibility and proximity to major retailers such as Walmart, Sprouts, and Fry's Marketplace. The Jiffy Lube operates under the new Multi-Care concept, offering expanded automotive services. This is a passive investment opportunity with a best-in-class tenant, the largest Jiffy Lube franchisee in Arizona, operating over 50 locations primarily within the Phoenix MSA. The property is situated in a rapidly growing area of Maricopa County, with significant residential development underway. This presents a compelling investment opportunity with long-term stability and significant upside potential.