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Jiffy Lube - Bedford IN 3240 John Williams Blvd 4,042 SF Retail Building Bedford, IN 47421 $4,211,490 CAD ($1,041.93 CAD/SF) 5.51% Cap Rate
Investment Highlights
- Corporate Signed Lease | Options To Extend | Scheduled Increases
- Outparcel to Walmart Anchored Center | Near Town Fair Center
- Located at the Entrance to Walmart Supercenter | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Limited Competition | Proximity to IN-37, Near 16th Street | Growing Corridor
- Strong Demographics In 10-Mile Trade Area
Executive Summary
• Jiffy Lube, LLC corporate signed lease
• 9+ years remaining with 5 (5-year) option periods to extend
• The lease contains 10% rental increases every 5 years, and at the beginning of each option period
• 9+ years remaining with 5 (5-year) option periods to extend
• The lease contains 10% rental increases every 5 years, and at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,042 SF
Building Class
B
Year Built
2021
Price
$4,211,490 CAD
Price Per SF
$1,041.93 CAD
Cap Rate
5.51%
NOI
$231,899 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.27 AC
Opportunity Zone
Yes
Zoning
General Commercial
Parking
15 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
223’ on John Williams Boulevard
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 47-06-15-300-029.000-010 | Improvements Assessment | $899,814 CAD |
| Land Assessment | $450,820 CAD | Total Assessment | $1,350,634 CAD |
Property Taxes
Parcel Number
47-06-15-300-029.000-010
Land Assessment
$450,820 CAD
Improvements Assessment
$899,814 CAD
Total Assessment
$1,350,634 CAD
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Jiffy Lube - Bedford IN | 3240 John Williams Blvd
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