Centennial Advisers is pleased to present 17317 Smokey Point Boulevard, an absolute NNN single-tenant retail asset priced at $1,332,215 and delivering a 6.25% cap rate. This property offers a secure, passive investment backed by Team Car Care, the nation's largest Jiffy Lube operator, ensuring stable cash flow and long-term value preservation in the growing Arlington market.
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.