For Sale
$1,742,000

1945 Country Club DrMesa, AZ 85210

High-ROI Jiffy Lube NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1,670 square foot Jiffy Lube located in Mesa, Arizona, at the hard corner of Country Club Drive and West Baseline Road. The property boasts a strong 6.67% cap rate and a substantial net operating income (NOI) of $116,160. The absolute NNN lease with Jiffy Lube, the leading provider of automotive preventative maintenance, has approximately 1.9 years remaining in its primary term, followed by three 5-year option periods with 10% rent increases. This prime location benefits from high visibility and traffic counts of approximately 84,595 vehicles per day (AADT), situated near major retailers including Costco, Walmart, Home Depot, and numerous fast-food restaurants. The 0.27-acre lot is strategically positioned within a thriving area with over 425,400 residents and an average household income exceeding $94,300 within a 5-mile radius. The asking price is $1,742,000, translating to $1,043.11 per square foot. This is a rare chance to acquire a well-established, high-performing asset in a densely populated and commercially vibrant area of Mesa, Arizona. The property's location on a signalized intersection ensures maximum visibility and accessibility, making it an ideal investment for discerning buyers seeking a stable, high-return investment with a nationally recognized tenant. The lease commenced on October 28, 2011, and is set to expire on October 27, 2026. The property's parcel number (APN) is 134-24-002B. This is a turnkey investment opportunity with minimal management requirements due to the absolute NNN lease structure.

Highlights

  • $1,742,000 asking price for a 1,670 SF Jiffy Lube in Mesa, AZ.
  • Absolute NNN lease with approximately 1.9 years remaining, plus three 5-year options with 10% rent increases.
  • Located on a hard corner with high traffic counts (approx. 84,595 AADT) at S Country Club Dr & W Baseline Rd.
  • Strong demographics: over 425,400 residents and average household income exceeding $94,300 within a 5-mile radius.
  • Tenant is Phoenix Lubrication Services, Inc., the largest Jiffy Lube franchisee in Arizona with over 50 locations.
  • 6.67% cap rate with a $116,160 NOI.

Property Details for 1945 Country Club Dr

Property type
Retail properties, Auto shops
Square Feet
1,670 SF
Lot Size (sq. ft)
11,761 SF

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.3793877
Longitude
-111.8403175
1945 Country Club Dr, Mesa, Arizona

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1945 Country Club Dr
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