455 E 53rd St Davenport, IA 52807

Listing agency Matthews a***@gmail.com

Listed by Jack Kulick · License #C02126798

Source Crexi

Added: Apr 11 Updated: Jul 20 at 9:44PM Checked: Jul 20 at 9:44PM

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Investment Insights

Based on property information with market context.

Matthews’ exclusively offers a long-term Jiffy Lube investment on an absolute NNN basis with a corporate lease. The site is operated and backed by Jiffy Lube International, a subsidiary of Royal Dutch Shell. The tenant recently executed a new 15-year lease with four, 5-year options, reflecting continued commitment to the location.

The property operates under Jiffy Lube’s new Multicare store model, positioned as a full-service maintenance destination beyond oil changes. Services listed for the model include brakes, tires, exterior and glass, engine, filters, fluids, inspections, suspension, and more.

The asset is for sale as part of a portfolio (3). Additional locations in the portfolio are 2105 S Center St, Marshalltown, IA 50158 and 2441 4th St SW, Mason City, IA 50401.

Key Highlights

• Long‑term absolute NNN Jiffy Lube investment on a corporate lease
• Tenant recently executed a new 15‑year lease with four 5‑year renewal options
• Jiffy Lube operated and backed by Jiffy Lube International, a subsidiary of Royal Dutch Shell

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FAQs

What type of property is this?

Auto shop - Long-term absolute NNN corporate lease with a newly executed 15-year term and multiple renewal options.

Where is this auto shop located?

The property is located at 455 E 53rd St Davenport, IA.

What are key features of this property?

This property features: Long‑term absolute NNN Jiffy Lube investment on a corporate lease; Tenant recently executed a new 15‑year lease with four 5‑year renewal options; Jiffy Lube operated and backed by Jiffy Lube International, a subsidiary of Royal Dutch Shell