OFFERING SUMMARY
List Price: $720,000
CAP Rate: 7.5%
Lease Type: Absolute Net
Gross Leasable Area: 2,100 SF
Year Built: 1989
OFFERING HIGHLIGHTS
- Triple Net Lease–No Landlord Responsibilities
- Guaranteed by Lubricar, Inc., New Mexico’s Largest Jiffy Lube Franchisee
- Three-Bay Building in Rapidly Growing Market
INVESTMENT OVERVIEW
Diffie Retail Team at Marcus & Millichap is pleased to present this absolute triple net asset located in Rio Rancho, New Mexico. The property is in the middle of the third-largest city in New Mexico, which has experienced population growth in consecutive years since 1990. Rio Rancho has a population of over 100,000 people. Jiffy Lube is a leader in the quick lube space and the franchisee at this location is the largest Jiffy Lube franchisee in New Mexico.
