Jiffy Lube

  • $1,362,000
2205 Mount Holly Rd - Burlington, NJ
For Sale

Jiffy Lube

2205 Mount Holly Rd - Burlington, NJ
  • $1,362,000

Property Highlights

  • 7+ Years Remaining on an Absolute Net Lease with Team Car Care Group (550+ Units)
  • Largest Jiffy Lube Operator in the Country | Formely known as Heartland Automotive 
  • Annual Increases of 2.5% Throughout the Base Term and Options Provides a Hedge Against Inflation
  • Average Return over the Remaining Term of the Lease is 6.91% at List Price
  • Long-Term Historical Occupancy | Location has Operated as a Jiffy Lube for Nearly 38 Years
  • Average Household Income within 1 and 3-Miles | $124,453 & $102,491 Per Year
  • Strategically Located Amongst Dense Retail and Residential Areas | Positioned near other National Brand Tenants such as Walmart, HomeGoods, McDonald’s, and Chick-fil-a
  • Easily Accessible to Interstate-295 and New Jersey Turnpike | Both Major Throuroghfares Providing Entryway to Various Localities in New Jersey, Delaware, Pennsylvania and New York

Broker of Record
Brian Hosey
(201) 742-6100
Lic #: 1434917

Details

  • Price: $1,362,000
  • Year Built: 1983/2018
  • Property Type: Single Tenant
  • Property Status: For Sale

Additional Details

  • Price/SF: $870.84
  • Cap Rate: 6.41%
  • Rentable Area: 1,564 SF
  • Lot Size: 1.16 AC
  • Parking Spaces: 9
  • Zoning : B-2
  • APN/Parcel ID: 06 00118- 01-00007-02
  • Cross Streets: Mount Holly Rd & I-295
  • Address 2205 Mount Holly Rd
  • City Burlington
  • State/county New Jersey
  • Zip/Postal Code 08016

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