Jiffy Lube For Sale by The Boulder Group Date November 1, 2016
The Boulder Group is pleased to exclusively market a single tenant net lease Jiffy Lube for sale property. The Jiffy Lube lease has over 16 years remaining. The lease feature 1.5% annual rental escalations and no landlord responsibilities.The property are situated in strong retail trade area in northern Indiana. The tenant is an experienced Jiffy Lube operator.
The Jiffy Lube property is strategically positioned at the heavily trafficked signalized intersection of North Wayne Street and Stocker Street across from a CVS. North Wayne Street is the primary north-south thoroughfare in the Angola trade area and experiences traffic counts in excess of 25,000 vehicles per day. Angola is centrally located between Chicago and Detroit and is approximately 150 miles from each.
The Jiffy Lube property is benefitted by its location within Angola’s primary retail trade corridor. National retailers located in the immediate area include Walmart Supercenter, Hobby Lobby, Walgreens, CVS, Aldi, Wells Fargo Bank, Key Bank and McDonald’s. Additionally, Trine University which is home to approximately 2,000 students, is located in the immediate vicinity of the Jiffy Lube.
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago.