Listings

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Area Map

Rentable Area:

2,055 (sf)

3 Miles

5 Miles

Land Area:

16,368 (sf)

Population:

Year Built:

1989

Households:

No. of Parking Spaces:

8

Med. H. H. Inc:

Frontage:

104' on Park Street

Lessee:

Heartland Automotive Services II, Inc.

Expiration Date:

11/30/2025

Tenant Responsibilities:

Absolute NNN

Landlord Responsibilities:

None

Percentage Rent:

N/A

Real Estate Taxes:

$10,626 FY 2009

Base Rent:

$112,200

Escalations:

10% Every five years

About Jiffy Lube

With more than 2,000 service centers in North America, Jiffy Lube® is the largest system of franchised and company-operated service centers in the fast lube industry, servicing approximately 27.5 million customers each year. Headquartered in Houston, Jiffy Lube® International is a wholly owned, indirect subsidiary of Shell Oil Company.

Jiffy Lube® pioneered the fast oil change industry in 1979 by establishing the first drive-through service bay, providing customers with fast and professional maintenance service for their vehicles. Jiffy Lube® was created to fill a gap left by the departure of full service gas stations and the emergence of the self-serve model. It also accommodated the shift from the do-it-yourself oil change market (DIY) to the installed motor oil market, or do-it-for-me (DIFM).

For more than 25 years, Jiffy Lube® has been an integral part of the North American driving experience. With vehicles playing an ever-more important part of our daily lives, Jiffy Lube® is committed to support drivers with fast, quality preventive maintenance service to keep their vehicles running smoother for longer.

Heartland Automotive Services II, Inc. ("Heartland" dba Jiffy Lube®) is the largest Jiffy Lube franchisee and the largest independent quick lube operator in the United States.

Headquartered in Omaha, Nebraska, the company operates nearly 400 quick-oil-change stores in 15 major markets including Austin, Boston, Chicago, Columbus, Kansas City, Las Vegas, Los Angeles, Madison, Memphis, Minneapolis, Omaha/Lincoln, San Diego, Seattle, St. Louis and Tucson. Heartland has continuously operated Jiffy Lube stores (through its affiliated predecessor companies) since 1980.

In 1995, Heartland Automotive Services was formed when five independent Jiffy Lube franchises in St. Louis, Minneapolis, Kansas City, Austin and Omaha banded together to share best practices and leverage their size to provide better value to their customers. From this humble beginning of 66 stores, Heartland has grown to an entity serving more than 5 million vehicles annually.

Building & Site Analysis

The subject property is a 2,055 square foot freestanding brick and concrete building with basement, landscaped and paved parking lot.  

The 16,368 square foot parcel has 104 feet of frontage on Park Street.  Site improvements include an asphalt-paved parking lot with 8 spaces.   All public utilities are available and are in place on the site.  No adverse easements or encroachments were observed to be on the subject property.  Access to the site is provided by two ingress/egress points along Park Street, which serve the property.  The site is zoned General Business and the property is considered to be of legal and conforming use.

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