Jiffy Lube Coachella, CA

84765 Avenue 50
Coachella, CA

Price: $1,522,000
Cap Rate: 6.20%
NOI: $91,313
Building Size: Approx. 4,400 Sq. Ft.
Lot Size: Approx. 0.26 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Service
Year Built: 2008

Investment Overview

  • 2008 Construction. 4,400+/- SF Building on 0.26+/- Acre Site
  • 15-Yr Team Car Care Lease w/ 2% Rent Increases Annually in Primary Term and Options
  • Located Approx. 3 Miles from the Annual Coachella Festival (13.6 M Visitors)
  • Excellent Visibility at Intersection of Avenue 50 and Cesar Chavez St.
  • Near Walgreens, Taco Bell, McDonald’s, Big 5 Sporting Goods, Walmart
  • Strong Income Demographics w/ est. $82,270 within a 5-Mile Radius
  • COVID Related Rental Abatement in the Amount of $22,828 to be Paid Back in 2021-22
  • Coachella  I   Population: 44,849