Jiffy Lube

    • $1,885,000
    342 S Broad St - Woodbury, NJ
    For Sale Just Listed

    Jiffy Lube

    342 S Broad St - Woodbury, NJ
    • $1,885,000

    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 7.25% at List Price
    • Long-Term Historical Occupancy | Location has Operated as Jiffy Lube for Nearly 30 Years
    • Average Household Income with 1 and 3-Miles | $93,765 & $96,825 Per Year 
    • Strategically Located Along Route 45 | Dense Residential and Retail Area | Positioned Near other National Brand Tenants such as McDonald’s, Aldi, Rite Aid, and T-Mobile
    • Less than 1-Mile from the New Jersey Turnpike | Major Thoroughfare Providing Access to Various Localities in New Jersey, Delaware, Pennsylvania, and New York

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

    Details

    • Price: $1,885,000
    • Year Built: 1988/2018
    • Property Type: Single Tenant
    • Property Status: For Sale

    Additional details

    • Price/SF: $1,013.44
    • Cap Rate: 6.73%
    • Rentable Area: 1,860 SF
    • Lot Size: 0.55 AC
    • Parking Spaces: 10
    • Zoning : C1
    • APN/Parcel ID: 22 00106-0000-00002; Multiple APN’s
    • Cross Streets: S Broad St & Carpenter St
    • Address 342 S Broad St
    • City Woodbury
    • State/county New Jersey
    • Zip/Postal Code 08096

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