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Jiffy Lube Properties For Sale

    



Interested in Purchasing a Jiffy Lube Property for Investment?

  

If you wish to purchase a Jiffy Lube property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Jiffy Lube properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

 

Jiffy Lube

 

 
Price: 

$1M - $3M


Lease Term
:

10 – 15 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
6% – 7%
Wholly ownedsubsidiary
Industry Automotive Services
Founded 1979
Headquarters Houston,Texas,U.S.
Number of locations
over 2,200 (2008) [1]
Key people
Steve Ledbetter, President
Peter Walsh, President North American Stores
Owner Pennzoil
Parent Shell Oil Company
Slogan "leave worry behind"
Website www.jiffylube.com

  

About Jiffy Lube:

 

Jiffy Lube is a chain of over 2,000 businesses in North America offering oil changes and other automotive services. The company is based in Houston, Texas, and is a subsidiary of Shell Oil.[1]

Jiffy Lube was founded in the early 1970s, when Ed Washburn opened the first service center in Ogden, Utah. He began franchising shops throughout Utah until 1979,[2 ] when he was bought out by Jim Hindman, a millionaire nursing home developer. At the time Hindman purchased Jiffy Lube, he was working for free as the football coach at Western Maryland College. Reportedly, one of his players had challenged him to earn another million dollars.[3 ]

Jiffy Lube grew rapidly throughout the 1980s, from ten shops to about 1,000, and was acquired by Pennzoil in the early 1990s. In 1998, Pennzoil merged with Quaker State, whose Q-Lube oil service centers were then rebranded as Jiffy Lubes. Pennzoil-Quaker State was ultimately purchased by Shell Oil in 2002.

 

Jiffy Lube  Properties For Sale Across the United States :

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming  



 

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