Jiffy Lube Sale-Leaseback
For Sale
Contact for pricing
16701 Main St, Hesperia, CA 92345
Two single-tenant Jiffy Lube buildings each feature two service bays and are structured as sale-leaseback opportunities.
Property SizeContact for details
Days on Market121
Property Features for 16701 Main St
General Information
Standard status
Active
Property subtype
Retail, Special Purpose
Listing Agency:
eXp Commercial
Listed By:
Jeff Albee, CCIM · License #CA 00969071
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 11:48PM
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 eXp Commercial
Investment Insights
Based on property information with market context.
Offered as a sale-leaseback, this offering includes two separate single-tenant Jiffy Lube properties. Each building totals 2,460 square feet and is configured with two service bays. Both properties are described as having 12-year leases with five, five-year options and 10% increases every five years through the lease term and options.
The leases are corporately guaranteed by Najjar Lube Centers Inc, identified as a Jiffy Lube franchisee operating over 33 locations. The properties are presented together across 16701 Main St in Hesperia and 18737 US Highway 18 in Apple Valley.
The offering is also presented with an indicated 6.25% CAP and a 15-year lease structure, as stated in the remarks.
The leases are corporately guaranteed by Najjar Lube Centers Inc, identified as a Jiffy Lube franchisee operating over 33 locations. The properties are presented together across 16701 Main St in Hesperia and 18737 US Highway 18 in Apple Valley.
The offering is also presented with an indicated 6.25% CAP and a 15-year lease structure, as stated in the remarks.
Key Highlights
- Sale‑leaseback opportunity: two single‑tenant Jiffy Lube properties (16701 Main St, Hesperia and 18737 US Highway 18, Apple Valley).
- Each building is 2,460 SF and includes two service bays.
- Both properties are offered with 12‑year leases plus five, five‑year options.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
231k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 36%
Groceries 21%
Home Improvements & Furnishings 3%
Stater Bros. Markets
Groceries
48,648 visits/mo
0.2 miles
Starbucks
Dining
23,867 visits/mo
0.3 miles
Fastrip
Shops & Services
19,844 visits/mo
0.5 miles
ARCO
Shops & Services
12,454 visits/mo
0.1 miles
Sizzler
Dining
10,570 visits/mo
0.2 miles
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - Two single-tenant Jiffy Lube buildings each feature two service bays and are structured as sale-leaseback opportunities.
Where is this auto shop located?
The property is located at 16701 Main St Hesperia, CA.
What are key features of this property?
This property features: Sale‑leaseback opportunity: two single‑tenant Jiffy Lube properties (16701 Main St, Hesperia and 18737 US Highway 18, Apple Valley).; Each building is 2,460 SF and includes two service bays.; Both properties are offered with 12‑year leases plus five, five‑year options.
