Jiffy Lube Topeka, KS

3301 SW Topeka Blvd
Topeka, KS

Price: $1,190,000
Cap Rate: 6.00%
NOI: $71,108
Building Size: Approx. 3,099 Sq. Ft.
Lot Size: Approx. 0.41 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Service
Year Built: 1985

Investment Overview

  • 1985 Construction. 3,099+/- SF Building on 0.41+/- Acre Site
  • Absolute NNN Lease with ~10% Rental Increases in Primary Term and Options, and (2) 4-Year Options to Renew
  • Guaranteed by the Largest Jiffy Lube Operator – Team Car Care East, LLC, part of Team Car Care, is the Largest Operator and Franchisee of the Jiffy Lube Brand with 458 Locations Across 23 States
  • Large Depreciation Benefits – The Fee Simple Lease Structure Provides Investors the Opportunity to Maximize Depreciation Benefits
  • Excellent Visibility Along Topeka’s Primary Retail Corridor – the Site Fronts SW Topeka Boulevard (20,831± VPD)
  • Surrounded by Many National Retailers – Next to Brand-New Chick-fil-A & Whataburger, and w/in 3 Mi. of Two Top 10 Walmart Locations in Kansas
  • Topeka, KS | Capital of Kansas & 4th Largest City in the State | Population: 232,995+

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