Net Leased Jiffy Lube
For Sale
Contact for pricing
Pending
3115 South Street, Lafayette, IN 47904
Single-tenant triple-net Jiffy Lube on a signalized intersection with corporate guarantee and renewal-based rental escalations.
Property SizeContact for details
Days on Market145
Property Features for 3115 South Street
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
The Boulder Group
(847) 562-8500
Listed By:
Jimmy Goodman · License #IL 471007006
Source:
Crexi
Added: Apr 10
Changed: Aug 22
Last Checked: Aug 31 at 12:46PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
A single-tenant, net-leased Jiffy Lube property is offered for sale with a corporately guaranteed lease to Shell Oil Co.’s subsidiary. The absolute triple-net structure includes 3% rental escalations in each of the three 5-year renewal option periods. Jiffy Lube has been operating at this location since 1989, and the lease is described as having over 6 years remaining, expiring October 31, 2022.
The property is situated at the southwest corner of the heavily trafficked signalized intersection of South Street and South Earl Avenue. South Street is the primary east-west thoroughfare connecting Lafayette to Interstate 65, and the site is approximately two miles from I-65 access. It is also approximately two and three-quarters of a mile from Purdue University.
The site benefits from being within a dominant retail corridor featuring Home Depot, Target, Lowe’s, Hobby Lobby, TJ Maxx, Sam’s Club, and Chase Bank.
The property is situated at the southwest corner of the heavily trafficked signalized intersection of South Street and South Earl Avenue. South Street is the primary east-west thoroughfare connecting Lafayette to Interstate 65, and the site is approximately two miles from I-65 access. It is also approximately two and three-quarters of a mile from Purdue University.
The site benefits from being within a dominant retail corridor featuring Home Depot, Target, Lowe’s, Hobby Lobby, TJ Maxx, Sam’s Club, and Chase Bank.
Key Highlights
- Single‑tenant triple‑net net leased Jiffy Lube on the southwest corner of S. Street and S. Earl Ave at a signalized intersection
- Corporately guaranteed lease to a wholly owned subsidiary of Shell Oil Co., investment grade rated with Standard & Poor’s A+ rating
- Over 39,000‑student Purdue University is about 2.75 miles away
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47904, IN
16,571
Population
7,776
Households
2.1
Avg Household Size
34
Median Age
19%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
2,857
Density / Sq Mi
$46,841
Median Household Income
$34,455
Median Earnings
$965
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant triple-net Jiffy Lube on a signalized intersection with corporate guarantee and renewal-based rental escalations.
Where is this auto shop located?
The property is located at 3115 South Street Lafayette, IN.
What are key features of this property?
This property features: Single‑tenant triple‑net net leased Jiffy Lube on the southwest corner of S. Street and S. Earl Ave at a signalized intersection; Corporately guaranteed lease to a wholly owned subsidiary of Shell Oil Co., investment grade rated with Standard & Poor’s A+ rating; Over 39,000‑student Purdue University is about 2.75 miles away
