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283 S Willow St Manchester, NH 03103

For Sale
$1,624,000

NNN leased Jiffy Lube with long-term extension and rent increases.

Property size:
2,070 SF
Lot size:
0.47 Acres

Property Features for 283 S Willow St

General Information

Size
2,070 SF
Lot size
0.47 Acres

Source: Matthews Real Estate Investment Services Agent Jack Kulick

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Jiffy Lube Investment Opportunity

This property is a Jiffy Lube location with a long-term lease that was recently extended, demonstrating the tenant's commitment to the location. The lease is an absolute NNN lease, meaning there are zero landlord responsibilities. The tenant, MC, LLC, is a major Jiffy Lube operator with over 100 locations nationwide, providing a strong guaranty. Rent increases of 10% every 5 years offer a hedge against inflation. The property benefits from corner positioning with dual access from S Willow St. and Alpheus St. Located in an area with dense demographics, the population within a 3-mile radius is approximately 101,887. The property is 2,070 square feet. Quick lube businesses are generally resistant to economic changes. Auto service properties may be eligible for an accelerated depreciation schedule.
Insight Report Location Intelligence

Current Use by Public Records

Jiffy Lube Oil Change Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Manchester Collision Center, Dent Wizard, Flow Auto Glass Services, Pep Boys, Henry's Collision Center

Location Insight

  • Map
  • Local Demand
City
Manchester
County
Merrimack
State
New Hampshire
Longitude
-71.4539115
Latitude
42.9693976

FAQs

What type of property is this?
Auto shop - NNN leased Jiffy Lube with long-term extension and rent increases.
Where is this auto shop located?
The property is located at 283 S Willow St Manchester, NH.
What is the asking price?
The asking price for this property is $1,624,000.
What are key features of this property?
This property features: - Absolute NNN Lease: Enjoy zero landlord responsibilities.; - Long-Term Lease with Recent Extension: Benefit from tenant commitment and income security.; - Strong Guaranty: Leased to a top Jiffy Lube operator with over 100 locations.
More about this property
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