Tenant: Jiffy Lube | Stone Mountain, GA
Premises: 2,024 SF
Renewal Options: None
Lease Expiration: 9/30/2033
Lease Type: NNN
Rental Increases: 5% Every 3 Years
Sands Investment Group is Pleased to Exclusively Offer For Sale the Jiffy Lube Triple NNN Net Lease Investment Opportunity Located at 1247 S Hairston Road in Stone Mountain, Georgia.
Jiffy Lube International, Inc. (“Jiffy Lube”), has more than 2,200 franchised service centers in North America and 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 a subsidiary of Royal Dutch Shell since 2002. Royal Dutch Shell PLC, commonly known as Shell, is a British-Dutch oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is one of the oil and gas “supermajors” and the third-largest company in the world measured by 2018 revenues (and the largest based in Europe). In the 2019 Forbes Global 2000, Shell was ranked as the ninth-largest company in the world (and the largest outside China and the United States), and the largest energy company.