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Jiffy Lube
1247 South Hairston Road, Stone Mountain, GA, 30083, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,024 SF Jiffy Lube NNN Asset Located at 1247 South Hairston Road in Stone Mountain, GA. This Deal Includes a Long Term 9 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities and 5% Rent Bumps Every Three Years Provide Strong Hedge Against Inflation, Providing For a Secured Investment.
- Long Term 9-Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
- 5% Rent Bumps Every Three Years Provide Strong Hedge Against Inflation
- Strong Corporate Guarantee From Shell (NYSE)
- Adjacent to the Crowe’s Crossing Shopping Center Located Along S Hairston Road Which Has a Traffic Count of Over 25,500 VPD
- Location Has Easy Access to Loop 285 and Downtown Atlanta (16- Miles) and is Also 20-Miles From Hartsfield-Jackson Atlanta International Airport
- Stone Mountain Park, Home to the World’s Largest Single Piece of Exposed Granite, is Just 7-Miles Away and is the Most Visited Destination in Georgia; the Park Offers Trails, Museums, Scenic Railroad, Laser & Fireworks Shows, Riverboat Cruises, Camping and Much More
- The 1996 Summer Olympic Games’ Tennis, Archery, and Track Cycling Were Held in Stone Mountain Park
- Nearby Tenants Include: Kroger, Wendy’s, Dollar General, Papa John’s, Popeyes, Walgreens, Chevron, BP, Wells Fargo, Pizza Hut, Family Dollar and Zaxby’s
In Cooperation With Sands Investment Group Atlanta, LLC – Lic. #67374 BoR: Andrew Ackerman – Lic. GA #311619
Jiffy Lube
1247 South Hairston Road, Stone Mountain, GA, 30083, USA
JIFFY LUBE
Founded over 40 years ago, Jiffy Lube serves approximately 20 million customers each year at more than 2,000 franchised service centers across North America. Jiffy Lube pioneered the fast oil change industry in 1979 by establishing the first drive-through service bay, providing customers with fast, professional service for their vehicles. The company continues to lead the industry with the evolution of its business model, Jiffy Lube Multicare, which offers oil changes, brakes, batteries, and tires as well as other services consumers want and need. Headquartered in Houston, Jiffy Lube is a wholly owned, indirect subsidiary of Shell USA, Inc.
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Cap Rate: 7.25%
$3,310,345
Available
Price
$1,146,600
Cap Rate
6.25%
PREMISES
2,024 SF
RENEWAL OPTIONS
3 x 5 Year Options
Lease Expiration
09/30/2033
Lease Type
NNN
RENTAL INCREASES
5% Every 3 Years
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.