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Absolute NNN, Largest Jiffy Lube Operator 17317 Smokey Point Blvd 1,344 SF Retail Building Arlington, WA 98223 $1,822,870 CAD ($1,356.30 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Property is leased to Team Car Care, the largest operator of Jiffy Lube locations in the United States
- Lease includes rent escalations, with the CAP rate increasing to 6.88% in January 2027
- Long-term lease with over 6 years remaining
- Four (4) 5-year options to extend
Executive Summary
The asset operates on an absolute NNN lease, insulating investors from all operating expenses and generating a stable Net Operating Income (NOI) of $83,302. This structure provides a truly passive income stream, ideal for investors seeking management-free returns and predictable financial performance from a reliable national tenant.
The lease features over 6 years of initial term remaining and includes a significant rental escalation in 2027, boosting the cap rate to 6.88%. Four additional five-year options provide long-term security and continued income growth potential, securing the investment's future viability.
Property Facts
Amenities
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Services
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99,999 SF
- -
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Lorem Ipsum
- -
Jiffy Lube® is a leading provider of automotive preventive maintenance. With a national footprint of franchisee owned service centers across the country, Jiffy Lube offers a range of services from oil changes and tire rotations, to everything in between. Jiffy Lube technicians are not just highly trained in preventive maintenance, they are also highly trained in customer service. So if clients have any questions about vehicle maintenance or the services performed at any Jiffy Lube service center, a technician will help them find the resources and information they need, whether it’s in-store, online or by accessing the client's vehicle manufacturer’s recommendations. It’s just another way Jiffy Lube strives each and every day to help customers Leave Worry Behind® .
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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|
Services | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 310521-003-055-00 | Improvements Assessment | $1,487,572 CAD |
| Land Assessment | $484,157 CAD | Total Assessment | $1,971,728 CAD |
Property Taxes
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Absolute NNN, Largest Jiffy Lube Operator | 17317 Smokey Point Blvd
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