9032 Adams Ave
Huntington Beach, CA 92646
Jiffy Lube · Local commercial Bien À vendre

* Dominant National Brand – 100% leased to national tenant Jiffy Lube, the largest oil-change chain in the United States, with over 2,200 franchise locations across 49 states, serving more than 22 million customers annually

*According to Placer.ai, this Jiffy Lube location received an estimated 41K visits in the past year, which places it in the top 10% of Jiffy Lube locations in the US by foot traffic

* NNN Ground Lease – Jiffy Lube is on an absolute NNN ground lease, with over 7 years remaining (2032 expiration), and two 5-year options with 10% rental increases every 5 years, the most secure “hands off” form of real estate investment with zero landlord responsibilities

* Below Market Rent – Jiffy Lube’s in-place rent is only $3.62 PSF/month, ±28% below market rates which CBRE estimates at $5.00 PSF/month, increasing renewal probability and enhancing the property’s long-term embedded value

* Pad to Grocery Anchored Center – Outparcel to Adams Marketplace, a Smart & Final Extra! anchored shopping center including major tenants Petco, Starbucks, Wingstop, Carl’s Jr, and more

* High Identity, High Traffic Location – Strategic location offering excellent frontage along iconic Adams Ave (±31,700 CPD), immediately off Magnolia St (±21,900 CPD), two of the major thoroughfares bisecting Huntington Beach and connecting it to the surrounding cities