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1645 N 51st Avenue - Jiffy Lube, Phoenix, AZ

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1645 N 51st Avenue - Jiffy Lube

Phoenix, AZ 85035 - West Phoenix/Maryvale Ret Submarket


Property Type:Retail Sub Type:Auto Repair Status:Existing Year Built:1987
Building Size:1,936 SF Land Area:.38 AC (16,335 SF)
For Sale Price:$1,414,285 Price/SF:$730.52
Cap Rate:7.00 %



Sale Notes:
The Property is located at 1645 N. 51st Ave. in Phoenix, AZ. The Property was built in 1987. Currently, the Lease has seven (7) years remaining. The Property is leased to Phoenix Lubrication Services, Inc., a major franchisee that operates approximately 70 Jiffy Lube locations in the Phoenix metro area. The Lease features a rent increase in 2019.

Marcus & Millichap Inc
Brett Chetek
(314) 889-2500




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