NNN Jiffy Lube Auto
For Sale
$1,771,000
640 N Wayne St, Angola, IN 46703
Single-tenant Jiffy Lube property features an absolute NNN lease with scheduled annual rent increases.
Property Size2,068 SF
Days on Market115
Property Features for 640 N Wayne St
General Information
Standard status
Active
Size
2,068 SF
Property subtype
Commercial
Lease Term
±11 Years
Net Operating Income
$119,552
Additional Details
Cap Rate
6.75%
Traffic Count
16,500 vehicles/day
Building Details
Building Size
2,068 SF
Listing Agency:
Matthews
Listed By:
Jack Kulick · License #02126798 (CA)
(310) 919-5711
Source:
Matthews
Added: May 14
Changed: Sep 3
Last Checked: Sep 4 at 2:07AM
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.
This single-tenant Jiffy Lube auto service property is offered for sale and leased to Allied Lube (70+). Public remarks indicate the lease includes approximately 1.3% annual rent increases and highlights a recent early lease extension demonstrating long-term tenant commitment.
The property is located at 640 N Wayne St in Angola, Indiana, with approximately 16,500 vehicles per day reported on N Wayne St for visibility along a primary retail corridor.
The lease is described as absolute NNN with zero landlord responsibilities, and the investment is presented as a Jiffy Lube Multicare format that supports a broader range of automotive services beyond oil changes, according to the remarks.
The property is located at 640 N Wayne St in Angola, Indiana, with approximately 16,500 vehicles per day reported on N Wayne St for visibility along a primary retail corridor.
The lease is described as absolute NNN with zero landlord responsibilities, and the investment is presented as a Jiffy Lube Multicare format that supports a broader range of automotive services beyond oil changes, according to the remarks.
Key Highlights
- Single‑tenant Jiffy Lube property built in 2000 at 640 N Wayne St, Angola, IN 46703
- Absolute NNN lease with zero landlord responsibilities
- 6.75% cap rate and listed price of $1,771,000
Property Analytics
Property Profile
Current Use
Lease Details
16,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Dollar General
Shops & Services
8,662 visits/mo
0.5 miles
Wings Etc.
Dining
4,637 visits/mo
0.4 miles
SUBWAY
Dining
4,478 visits/mo
0.1 miles
AutoZone
Shops & Services
4,403 visits/mo
0.1 miles
Little Caesars Pizza
Dining
3,644 visits/mo
0.1 miles
Demographics for 46703, IN
18,837
Population
9,755
Households
1.9
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
121.1 sq mi
ZIP Area
156
Density / Sq Mi
$69,940
Median Household Income
$31,554
Median Earnings
$892
Median Rent
$221,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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- S & T Auto Body Inc — 125 McKinley St, Angola, IN 46703
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant Jiffy Lube property features an absolute NNN lease with scheduled annual rent increases.
Where is this auto shop located?
The property is located at 640 N Wayne St Angola, IN.
What is the asking price?
The asking price for this property is $1,771,000.
What are key features of this property?
This property features: Single‑tenant Jiffy Lube property built in 2000 at 640 N Wayne St, Angola, IN 46703; Absolute NNN lease with zero landlord responsibilities; 6.75% cap rate and listed price of $1,771,000
