Jiffy Lube
$1,730,000
Single Tenant Retail
San Bernardino, CA
Cap Rate: 6.00%
This is a triple net property leased to a strong 34 unit franchisee of Jiffy Lube. The property is located as a pad to a neighborhood center anchored by Ralphs grocery store and a brand new LA Fitness, and is conveniently located at the University Ave. exit off of I-215, on the way to Cal State San Bernardino.
- Generated multiple offers and selected a cash buyer in a 1031 exchange
- Aggressively marketed the property with a Pitch Video that brought significant interest to the property
- Worked with Seller and Title company to resolve several title issues with the property due to recent construction and parcel realignment
