Jiffy Lube Portfolio

Retail-Commercial for Sale
Catylist Listing ID: 30041214
Property Subtypes: Service Station/Gas Station
Building Size (RSF): 4,230 SF
Sale Price: $2,600,000
Unit Price: $614.66 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2017

Overview / Comments

3 free standing Jiffy Lubes in Indiana, the properties are to be sold as a portfolio and provide a good investment opportunity.
Very strong operator with multiple locations.
The city of Kokomo is experiencing a 5.92% recent job growth rate compared to the US 1.18%. Kokomo is located in north central Indiana, approximately 60 miles north of Indianapolis. Due to its central location, Kokomo is easily accessible via a number of highways and interstates and is located within driving distance from a number of Midwestern cities, including Chicago, Louisville and Detroit.
Anderson, Indiana is the county seat of Madison and is located approximately 40 miles northeast of Indianapolis. Located on the I-69 corridor in Central Indiana, where four major interstate highways, I-69, I-65, I-70 and I-74 intersect via I-465, Anderson is also part of the
Indianapolis-Carmel-Anderson MSA, the largest MSA in Indiana, which is the fastest growing metro area in the Midwest.
The city of Noblesvile has had a population increase of 13.2% over the last 5 years, has had a recent job growth of 4.17% and boasts a higher median income than the state and U.S. average. Noblesville is part of the Indianapolis-Carmel-Anderson MSA, the largest MSA in Indiana. This MSA is the fastest growing metro area in the Midwest. Noblesville, Indiana is located immediately north of Indianapolis, the nation’s 14th largest city and the seat of
Indiana’s government.

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $5,994 (Annual)
Tax Value Land $82,000
Tax Value Improvements $117,800
Assessed Value - Total($) $199,800 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $6,045 (Annual)
Tax Value Land $82,000
Tax Value Improvements $119,500
Assessed Value - Total($) $201,500 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $5,586 (Annual)
Tax Value Land $102,400
Tax Value Improvements $83,800
Assessed Value - Total($) $186,200 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $5,586 (Annual)
Tax Value Land $102,400
Tax Value Improvements $83,800
Assessed Value - Total($) $186,200 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $5,763 (Annual)
Tax Value Land $102,400
Tax Value Improvements $89,700
Assessed Value - Total($) $192,100 (Annual)

Additional Details

Nearest MSA: Anderson
County: Madison
Tax ID/APN: 48-12-30-404-012.000-003
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1994
Legal Description: ROYAL ACRES 1ST EXC SE COR 0.0000Acres STR: 00000 SECTION: PLAT: 00 IN: OUT:

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,753 40,242 73,899
Median Age: 39.99 39.22 39.35
Households: 2,779 17,412 30,565

Contact

Photograph of Listing Agent

Diana L. Parent

SVN | Parke Group ICREX Member

Source

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