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1945 S Country Club Drive - Jiffy Lube, Mesa, AZ

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1945 S Country Club Drive - Jiffy Lube

Mesa, AZ 85210 - Red Mountain/Mesa Ret Submarket

Property Type:Retail Sub Type:Auto Repair Status:Existing Year Built:1982
Building Size:1,670 SF Land Area:.13 AC (5,445 SF)
For Sale Price:$1,450,000 Price/SF:$868.26
Cap Rate:7.28 %

Sale Notes:
NNN leased Jiffy Lube in metro Phoenix. Over 10 years remaining on absolute NNN lease. Tenant is Phoenix Lubrication Services which is the exclusive Jiffy Lube franchisee for metro Phoenix with over 50 locations. 10% rent increase every 5 years. Next increase November 1, 2016 at $105,600 NNN.

Diamond Properties, Inc
Chip Diamond
(602) 265-0011

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