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
Triple Net (NNN) Lease Term with 15 Years Remaining
10% Increases Every 5 Years
Neighbors Tenants Include: Laser Car Wash, 7-Eleven, Gulf Station, AT&T, UPS Store, Chase ATM, Family Dollar and Walgreens
Excellent Demographics with Over 341,000 Residents Within a 5-Mile Radius and Over 39,500 VPD Along Riverside Drive
Located .5 Miles from Interstate 35 with 189,573 VPD
3 Miles to Downtown Austin, Including Austin’s Famous 6th Street, Austin City Limits Moody Theater in the 2nd Street District, Lady Bird Lake and Zilker Park
Minutes from South Shore District Shopping, Restaurants, Music Venues and HEB Plus!
High Profile Corridor on E Riverside Drive with Limited Retail Opportunities
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.