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| Jiffy Lube |
4106 Oceanside Boulevard, Oceanside, California
Purchase Price: $2,445,000
• Twenty (20) Year Primary Lease
• Absolute Net Lease (No landlord responsibilities)
• Rental increases of 10% paid every five years
• Four (4) x 5-year options
Land Area: ± 0.50 acres, Building Area: ± 4,750 SF
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Willis Ventures is excited to announce that our brokerage has closed escrow on a Jiffy Lube in Oceanside, California. The property sold for $2,445,000 with a 5.93% capitalization rate.
Heartland Automotive Services Inc., headquartered in Omaha, Nebraska is the largest franchisee of Jiff y Lube service centers. Th e company operates 400 quick oil change stores in 10 major markets including Austin, Illinois, Kansas City, Los Angeles, Seattle, Las Vegas, Minnesota, Nebraska, St. Louis and Tucson. Jiff y Lube is the top-ranked fast oil change provider in the Franchise 500, in Entrepreneur Magazine, with revenues in excess of $250M.
The subject property is an out-parcel at the Plaza Rancho Del Oro (Albertson’s, Longs Drugs, Hollywood Video, Wells Fargo, Starbucks, Carl’s Jr., Subway, Taco Bell, KFC, Little Caesars, H & R Block, Downey Savings). Other traffic generators in the immediate area include Ralphs Supermarket, SavOn Drugs, TOGO’s, Baskin Robbins, Jack In The Box, Del Taco, Bank of America, Blockbuster, Del Oro Marketplace (Panda Express, La Salsa Mexican Grill, McDonald’s, Bruegger’s Bagels, Quizno’s, Dollar Tree). Th e 4,750 SF building will have 3 bays with tandem stalls.
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