Jiffy Lube

8963 Ocean Highway, Leland, NC
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
Renewal Options:
5, Five year
Building Sq. Ft.:
4,042 SF Building + Basement
Rent Increases:
10% every 5 years including option periods
Site Size:
1.32 Acres

Investment Highlights

  • 15-year Absolute NNN lease structure with zero landlord responsibilities to allow for passive ownership
  • Asset qualifies for bonus depreciation. Please refer to page 4 of the Offering Memorandum for more information. 
  • The leases call for 10% rental increases every 5 years to provide a strong hedge against inflation.
  • Situated on Ocean Highway east which has approximately 42,000 VPD.
  • Property is located within a strong local demographics area with average household income is greater than $97,000 within a 3-mile radius.
  • Located nearby to other national tenants such as Walmart Supercenter, Caliber Collision, Walgreens, McDonald’s, Dollar Tree, and more.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]
phil digennaro stream capital partners

Philip DiGennaro

Managing Director
203 610 1541
[email protected]

In Association with Scott Reid & ParaSell, Inc. | A Licensed North Carolina Broker #NC – C32060

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