Jiffy Lube and Precision Tune Portfolio

Jiffy Lube and Precision Tune Portfolio

Alexandria, LA

Alexandria, LA

Jiffy Lube and Precision Tune Portfolio

Offered for sale is a two-property Auto Service Portfolio, featuring Jiffy Lube and Precision Tune Auto Care, which must be purchased together. These assets, located adjacent to one another, are offered as a portfolio only and provide investors with immediate scale in a proven retail corridor in Alexandria, Louisiana. The properties benefit from excellent visibility along Jefferson Highway (27,965 VPD) with convenient access to the feeder road. The site sits directly across from Alexandria Mall (825,000 SF of retail), positioning the portfolio in the city’s dominant retail hub. The area is anchored by high-traffic national retailers including Albertsons, Target, Lowe’s, Walmart Supercenter, Sam’s Club, and Planet Fitness. Hospitality demand is supported by numerous nearby hotels, including a new Hampton by Hilton currently under construction. Together, the assets comprise 0.68 acres, with both leases currently below market rental rates. Additionally, both tenants have only one renewal option remaining, creating near-term upside potential for investors. Steve Greer Broker of Record 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 (225) 376-6800 Lic #: BROK.995710346-ACT

Price $1,399,000
Cap Rate 7.00%
Building Size 5,213 sqft
Lot Size 0.68 acres
Year Built 1990 (Jiffy)/1992 (Precision)
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Decades of Tenant Stability in Prime Retail Corridor | Must Be Purchased Together
  • Corporate Store – Absolute Net Lease With 1.3 Years Remaining (Jiffy Lube)
  • 28-Year Operating History With One, Five-Year Option (Jiffy Lube)
  • Absolute Net Lease With 2.1 Years Remaining (Precision Tune)
  • 26-Year Operating History With One, Five-Year Option (Precision Tune)
  • Top Performing Location in Louisiana by Annual Visits (Precision Tune)

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420
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