NNN Jiffy Lube
- $2,610,000
Property Highlights
- S. Stephanie delivers solid, stable performance: Complemented by below-market rent and operating costs, resulting in attractive margins.
- Core, needs-based retail in a high-income Henderson trade area: Jiffy Lube quick-service car care benefits from recurring demand tied to household density, commuter patterns, and daily retail traffic—not discretionary spend.
- Institutional-grade credit profile: Team Car Care is one of the largest Jiffy Lube operators, supporting 500+ locations nationally (the largest Jiffy Lube franchisee).
- Long-term NNN income with contractual growth: 10.5 years remaining with 10% increases every 5 years (embedded rent growth while keeping no landlord responsibilities).
- Modern construction / functional site: Built 2005, 3,520 SF on ±0.64 acres (strong real estate fundamentals that matter if/when the next tenant ever becomes a consideration).
- High-velocity corridor positioning: Along S Stephanie St with 21,721 VPD, immediately surrounded by national retailers and daily-trip drivers (EOS Fitness-anchored center nearby; Walgreens, McDonald’s, Ace, Verizon, Sherwin-Williams, O’Reilly, etc.).
- Las Vegas locations significantly outperform peer MSAs: Demonstrating strong and consistent demand fundamentals.
Property Documents
OM - 130 S Stephanie St - Jiffy Lube
Details
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Price $2,610,000
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Year Built 2005
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Property Type Single Tenant
Additional Details
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Rentable Area 3,520 SF
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Cap Rate 5.35%
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APN 178-22-112-007
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Lot Size 0.64 AC
Address
Open on Google Maps-
Address: 130 S Stephanie St
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City: Henderson
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State/county: Nevada
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Zip/Postal Code: 89012
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