Jiffy Lube NNN Lease Investment Automotive Austin Texas

Investment Offering

Tenant: Jiffy Lube | Austin, TX
Premises: 2,521 SF
Renewal Options: 4 x 5 Years

Lease Expiration: 12/31/2034
Lease Type: NNN
Rental Increases: 10% Every 5 Years and Options

Sands Investment Group is Pleased to Exclusively Offer the Jiffy Lube NNN Lease Investment Opportunity Located at 11219 Ranch Road 2222 in Austin, Texas.

~15 Years Remaining on a Triple Net (NNN) Franchisee Backed Lease With Zero Landlord Responsibilities
Team Car Care (FKA Heartland Automotive Services II, Inc.) is the Largest Franchisee in the Jiffy Lube Franchise Network
Strong Rental Increases – 10% Every 5 Years Including Through Option Periods
There Will Be $30,000 of Improvements Invested Into the Property Over the Next 3 Months
Affluent Demographics – Population of Over 89,492 Residents With an Average Household Income of $153,797 Within a 5-Mile Radius
Dense Infill Area With High Traffic Counts – a Combined VPD of Over 76,234 VPD at the Corner of Ranch Road 2222 and FM 620
Irreplaceable Location – in 2018, U.S. News & World Report Named Austin the #1 Place to Live in the U.S.
Notable Lake Travis is Only a Short 6 Minute Drive With Attractions Like Volente Beach Resort & Waterpark, Hippie Hollow Park, Austin Yacht Club and the Oasis on Lake Travis (Known For Their Sunset Dinners on the Deck)
Located Half a Mile From the 3M Electrical Products Division Corporate Offices With Over 1,400 Employees in 1.25 Million SF Throughout 11 Buildings
Texas is an Income Tax-Free State
Nearby Tenants Include: HEB, Starbucks, Walgreens, Target, CVS, Bank of America, Wells Fargo, Twin Liquors, Lamb’s Tire & Automotive, Thundercloud Subs and McDonald’s

In Cooperation With Sands Investment Group Austin, LLC – Lic. # 9004706
BoR: Max Freedman – Lic. # 644481

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview

Jiffy Lube International, Inc. (“Jiffy Lube”), with more than 2,200 franchised service centers in North America, serves approximately 20 million customers each year. Jiffy Lube pioneered the fast oil change industry in 1971 by establishing the first drive-through service bay, providing customers with fast, professional service for their vehicles. In June 2011, Jiffy Lube introduced a new program called Oil Change Schedule (OCS). The new program allows Jiffy Lube customers to choose how often they have their oil changed based on a number of variables including vehicle manufacturer recommendations, driving habits, and road conditions. The OCS program moves away from the old model of changing oil every 3,000 miles and provides a schedule that is unique for each driver. This new program has helped the company receive thousands of new clients. Today the company is headquartered in Houston, Texas and the company is an indirect subsidiary of Shell Oil Company. In 2018, Jiffy Lube opened about 30 new service centers across the country, and had more than 20,000 technicians working for the company.

Area Overview