NNN Auto Service
For Sale
Contact for pricing
Pending
8625 W 151st St, Overland Park, KS 66223
Three Jiffy Lube investment properties sold together, each on Absolute NNN leases with scheduled 10% rent increases.
Property SizeContact for details
Days on Market118
Property Features for 8625 W 151st St
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Cap Rate
7.27%
Listing Agency:
Matthews
Listed By:
Jack Kulick · License #C02126798
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Aug 6 at 6:16AM
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 Matthews
Investment Insights
Based on property information with market context.
Matthews™ is exclusively offering a portfolio of three Jiffy Lube Investments, sold together. The portfolio is structured with Absolute NNN leases on all three locations and includes a weighted lease term of 7.10 years. Rent increases are scheduled at 10% every five years, with a provided pro-forma cap rate of 7.27% after the next increase.
One site in the portfolio is listed at 8625 W 151st St, Overland Park, KS. The remaining sites are located in Kansas City, KS and Ottawa, IL.
The public remarks identify the lease guarantor as Team Car Care, described as the #1 operator for Jiffy Lube with 550+ locations nationally. The offering materials note that the properties may be eligible for an accelerated depreciation schedule for qualifying buyers; potential eligibility should be confirmed with a tax or accounting professional.
One site in the portfolio is listed at 8625 W 151st St, Overland Park, KS. The remaining sites are located in Kansas City, KS and Ottawa, IL.
The public remarks identify the lease guarantor as Team Car Care, described as the #1 operator for Jiffy Lube with 550+ locations nationally. The offering materials note that the properties may be eligible for an accelerated depreciation schedule for qualifying buyers; potential eligibility should be confirmed with a tax or accounting professional.
Key Highlights
- Portfolio of three Jiffy Lube investment properties sold together: two in Kansas City, KS and one in Ottawa, IL
- Each location is on an Absolute NNN lease structure
- Weighted lease term of 7.10 years across the three properties
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
328k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 31%
Superstores 22%
Apparel 3%
Target
Superstores
71,105 visits/mo
0.4 miles
QuikTrip
Shops & Services
49,434 visits/mo
0.0 miles
McDonald's
Dining
33,858 visits/mo
0.2 miles
Dollar Tree
Shops & Services
22,397 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
13,652 visits/mo
0.4 miles
Demographics for 66223, KS
24,843
Population
10,626
Households
2.3
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
6.2 sq mi
ZIP Area
4,007
Density / Sq Mi
$113,707
Median Household Income
$70,290
Median Earnings
$1,697
Median Rent
$402,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Three Jiffy Lube investment properties sold together, each on Absolute NNN leases with scheduled 10% rent increases.
Where is this nnn property located?
The property is located at 8625 W 151st St Overland Park, KS.
What are key features of this property?
This property features: Portfolio of three Jiffy Lube investment properties sold together: two in Kansas City, KS and one in Ottawa, IL; Each location is on an Absolute NNN lease structure; Weighted lease term of 7.10 years across the three properties
