Major Employers are John Deere, IBP (Meatpacking), Covenant Medical Center, Tyson Fresh Meats and University of Northern Iowa.Less Than 20 Minutes From the University of Northern Iowa Which Serves Over 10,500 Students.Excellent Demographics With a Population of 47,486 Residents Making an Average Household Income of $57,059 Within a 3-Mile Radius.Strategically Located in a Heavy Retail Area With a Traffic Count of 20,300 VPD Along E San Marnan Drive.Outparcel to a Target Anchored Shopping Center With a CVS, Starbucks, Jimmy John’s and Panda Express.Currently in One of Two 10-Year Extensions Showing Commitment to the Site.4+ Years Remaining on a Triple Net (NNN) Lease.Sands Investment Group is Pleased to Exclusively Offer the Jiffy Lube For Sale Located at 1423 E San Marnan Drive in Waterloo, Iowa. Nearby Tenants Include: Kroger, Wendy’s, Dollar General, Papa John’s, Popeyes, Walgreens, Chevron, BP, Wells Fargo, Pizza Hut, Family Dollar and Zaxby’s.The 1996 Summer Olympic Games’ Tennis, Archery, and Track Cycling Were Held in Stone Mountain Park.Stone Mountain Park, Home to the World’s Largest Single Piece of Exposed Granite, is Just 7-Miles Away and is the Most Visited Destination in Georgia The Park Offers Trails, Museums, Scenic Railroad, Laser & Fireworks Shows, Riverboat Cruises, Camping and Much More.Location Has Easy Access to Loop 285 and Downtown Atlanta (16-Miles) and is Also 20-Miles From Hartsfield-Jackson Atlanta International Airport.Dense Residential Area With a Population of Over 255,149 Residents Making an Average Household Income of $64,788 Within a 5-Mile Radius.Adjacent to the Crowe’s Crossing Shopping Center Located Along S Hairston Road Which Has a Traffic Count of Over 25,500 VPD.With the Rental Increase of $68,250 Starting, the Cap Rate Will Adjust to 6.37%.Long Term 13 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities.Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities Nearby Tenants Include: Costco, Advance Auto Parts, Starbucks, Walgreens and Many More.Accessibility From Both Primary Transit Corridor N Nevada Avenue and Cross Street E Fillmore Street.Strong Demographics in the Highly Coveted Colorado Springs Submarket, With a 5-Mile Population of 257,528 Residents.Excellent Positioning, Located at the Hard Corner of an Intersection That Sees 37,921 VPD (2022).Well Established Guarantor, Griffin Fast Lube, Backs the Lease With Over 75 Locations.Brand New Lease Extension Signed in 2022 With Long Operating Tenant. 2% Annual Rent Increases Serve as an Effective Hedge Against Inflation.Modified NN Lease With Minimal Landlord Responsibility Required.This Deal Includes a Brand New Lease Extension Signed in 2022 With Long Operating Tenant, and 2% Annual Rent Increases That Serves as an Effective Hedge Against Inflation, Providing For a Secured Investment. Sands Investment Group is Pleased to Present For Sale the Jiffy Lube Modified NN Lease Located in Colorado Springs, Colorado.
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