Tenant: Jiffy Lube | Austin, TX
Premises: 2,044 SF
Renewal Options: 2 x 5 Years
Lease Expiration: 12/31/2033
Lease Type: NNN
Rental Increases: 10% Every 5 Years
Jiffy Lube is an American brand of automotive oil change specialty shops founded in Utah. It has been a subsidiary of Royal Dutch Shell since 2002, and is headquartered in Houston, Texas.
The company was ranked first on National Oil and Lube News 2011 Tops in the Fast Lubes Industry Rankings. Also, Jiffy Lube was ranked number 15 in Entrepreneur Magazine’s 2012 Franchise 500 and number 73 on Franchise Times 2011 Top 200 Franchise Chains by Worldwide Sales.
The American quick lube industry provides more than 100 million oil changes every year from over 10,000 standalone locations. Within this industry, there is one dynamic growing company that stands out from the rest – Heartland Automotive Services, dba Jiffy Lube, the largest franchisee of quick lube retail service stores in the country. Operating over 540 Jiffy Lube locations from coast to coast and serving nearly 5 million guests each year with more than 3,500 professional teammates, Heartland strives to provide a WOW experience for every valued guest on every visit.