Absolute NNN Single Tenant Automotive

Essential CRE is pleased to present the opportunity to acquire an absolute NNN Jiffy Lube in Gilroy, CA. The subject property is 2,141 Square feet with excellent street visibility. Jiffy Lube benefits from an extremely well positioned corner location on a signalized intersection. The property is surrounded by retailers and within close proximity to freeway access. The current lease provides for a favorable rent schedule with a 15% increase at option 2, 90% FMV in option 3 and a 15% increase at option 4. This opportunity provides an investor with a very attractive return given the credit worthiness of tenant and price-point.

Signalized Hard Corner Location with Excellent Visibility; 1st Street a Gilroy Arterial, with 20,200 Vehicles Per Day
Ample Parking and Convenient Ingress & Egress, Access from 1st Street and Wayland Lane
Below Market Rent with Landlord Favorable Increase Structure at FMV and Zero Landlord Responsibilities

Gilroy is a city located in Santa Clara County, California. It is situated in the southern part of the county, approximately 30 miles southeast of San Jose. Gilroy is often referred to as the "Garlic Capital of the World" due to its long history of garlic production. The city hosts the annual Gilroy Garlic Festival, a popular event that attracts visitors from around the region. The festival celebrates garlic with various food offerings, live entertainment, and family-friendly activities. hile garlic is a prominent crop, agriculture in Gilroy extends beyond just garlic production. The region is also known for growing other crops such as mushrooms, flowers, and various fruits and vegetables. In addition to agriculture, Gilroy has a diverse economy that includes retail, manufacturing, and services. The city is strategically located along major transportation routes, contributing to its economic activity.