NNN Auto Service
8625 W 151st St Overland Park, KS 66223
8625 W 151st St, Overland Park, KS, 66223
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For Sale
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Pending
Three Jiffy Lube investment properties sold together, each on Absolute NNN leases with scheduled 10% rent increases.
Days on Market103
Property Features for 8625 W 151st St
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Matthews
Listed by
Jack Kulick · License #C02126798
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 7:45PM Checked: Jul 21 at 7:45PM
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.
Matthewsâ„¢ 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
Location Intelligence
Current Use by Public Records
Auto shops
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FAQs
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
