Jiffy Lube NNN
For Sale
$3,000,000
3240 John Williams Blvd, Bedford, IN 47421
Corporate Jiffy Lube lease features 9+ years remaining, multiple 5-year options, and scheduled 10% rent increases.
Days on Market14
Property Features for 3240 John Williams Blvd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
22,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
2021
Tenancy
Single
Listing Agency:
SRS Real Estate Partners | McLean
(202) 286-1542
Listed By:
Andrew Fallon
(202) 286-1542
Source:
Srsre
Added: Jul 17
Changed: Jul 18
Last Checked: Jul 30 at 2:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | McLean
Investment Insights
Based on property information with market context.
This Jiffy Lube NNN outparcel is leased to Jiffy Lube, LLC under a corporate signed agreement. The lease has 9+ years remaining and includes five (5-year) option periods to extend. Rental increases are structured at 10% every five years, with the increase beginning at the start of each option period. Per the lease structure described in the remarks, the tenant pays CAM, taxes, and insurance, maintains all aspects of the premises, and the landlord has no responsibilities.
The property is located less than half a mile from IN-37 (22,000 VPD) and about one mile from 16th St (15,000 VPD). It is described as sitting between Walmart and John A Williams Blvd (13,600 VPD), providing visibility. The site is an outparcel to a Walmart-anchored center with tenants including Dollar Tree, GameStop, and Verizon Wireless, among others.
The surrounding retail area has seen recent growth, including a Del Taco and Culver’s less than one mile from the site. Walmart is also constructing a Walmart Fuel Station and walk-in convenience store directly between Walmart and the subject property, and nearby retailers listed include Aldi, Lowe’s, McDonald’s, Bealls, Bath & Body Works, Wendy’s, and Goodwill.
The property is located less than half a mile from IN-37 (22,000 VPD) and about one mile from 16th St (15,000 VPD). It is described as sitting between Walmart and John A Williams Blvd (13,600 VPD), providing visibility. The site is an outparcel to a Walmart-anchored center with tenants including Dollar Tree, GameStop, and Verizon Wireless, among others.
The surrounding retail area has seen recent growth, including a Del Taco and Culver’s less than one mile from the site. Walmart is also constructing a Walmart Fuel Station and walk-in convenience store directly between Walmart and the subject property, and nearby retailers listed include Aldi, Lowe’s, McDonald’s, Bealls, Bath & Body Works, Wendy’s, and Goodwill.
Key Highlights
- Jiffy Lube, LLC corporate lease with 9+ years remaining and five 5‑year option periods to extend
- Lease includes 10% rental increases every 5 years, including at the beginning of each option period
- Tenant is responsible for CAM, taxes, and insurance and maintains all aspects of the premises
Property Analytics
Current Use
Lease Details
22,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
350k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 22%
Dining 19%
Home Improvements & Furnishings 17%
Shops & Services 16%
Walmart
Superstores
77,401 visits/mo
0.2 miles
Rural King
Home Improvements & Furnishings
32,076 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
19,087 visits/mo
0.3 miles
Steak 'n Shake
Dining
19,045 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
18,503 visits/mo
0.5 miles
Demographics for 47421, IN
27,798
Population
13,112
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
184.4 sq mi
ZIP Area
151
Density / Sq Mi
$66,588
Median Household Income
$39,613
Median Earnings
$827
Median Rent
$165,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Jiffy Lube — 3240 John A Williams Blvd, Bedford, IN 47421
- Walmart Auto Care Centers — 3200 John A Williams Blvd, Bedford, IN 47421
- Big O Tires — 1420 James Ave, Bedford, IN 47421
Frequently Asked Questions
What type of property is this?
Auto shop - Corporate Jiffy Lube lease features 9+ years remaining, multiple 5-year options, and scheduled 10% rent increases.
Where is this auto shop located?
The property is located at 3240 John Williams Blvd Bedford, IN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Jiffy Lube, LLC corporate lease with 9+ years remaining and five 5‑year option periods to extend; Lease includes 10% rental increases every 5 years, including at the beginning of each option period; Tenant is responsible for CAM, taxes, and insurance and maintains all aspects of the premises
