Retail

Jiffy Lube

Corvallis, OR

Asking Price

$2,050,000

Cap Rate

6.50%

LEASE TYPE

Abs NNN

YEAR BUILT

1988

AVG HHI

$79K

LEASEABLE SF

2,000 SF

INVESTMENT HIGHLIGHTS

Absolute Net lease structure with an 7.02% rental increase to occur in 2027.
Strong multi-unit operator overseeing four Oregon locations.
The Corvallis Jiffy Lube is number one in sales of all the operator’s locations.

Nine years remaining on the lease with three five-year options to extend.
Located in a high-traffic retail area on the corner of Pacific Highway West and Circle Boulevard, servicing 19,816 vehicles per day.
Strong local demographics, surrounded by 20,482 households within a three-mile radius.