- For sale
We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant absolute NNN lease Jiffy Lube asset located in Gainesville, VA with 20 lease years remaining. Operating at this location since 2006, Jiffy Lube recently signed a new 20-year lease in May of 2022, demonstrating the strength of this location. The lease also provides 5% increases every 5 years and includes (2), five-year option periods.
The subject property is well positioned in the main retail cohort of Gainesville; located diagonally to Virginia Gateway Shopping Center, which boasts a selection of over 120 retail shops, restaurants, and service-oriented businesses. Major retailers include Super Target, Best Buy, Hobby Lobby, Lowe’s, PetSmart, HomeGoods and many others. The property also benefits from its proximity to Jiffy Lube Live (Live Nation). Jiffy Lube Live is an outdoor live performance amphitheater for music concerts seating 25,262, making it the largest music-oriented venue in the Washington Metropolitan Area.
This is an excellent opportunity to purchase an absolute NNN single tenant Jiffy Lube asset, located in the main retail trade cohort, with a 20-year lease and zero landlord management responsibilities.