Net Leased Jiffy Lube
3115 South Street Lafayette, IN 47904
3115 South Street, Lafayette, IN, 47904
Contact for pricing
For Sale
Contact for pricing
Pending
Single-tenant triple-net Jiffy Lube on a signalized intersection with corporate guarantee and renewal-based rental escalations.
Days on Market103
Property Features for 3115 South Street
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
The Boulder Group
(847) 562-8500
Listed by
Jimmy Goodman · License #IL 471007006
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 3:08AM Checked: Jul 21 at 3:08AM
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
Location Intelligence
Current Use by Public Records
Jiffy Lube
Auto Repair Shop
BabyLove
Family Recreation Center
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FAQs
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
