2441 4th St SW | Mason City, IA 50401
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2441 4th St SW
Mason City, IA 50401
Jiffy Lube · Retail Property For Sale
Investment Highlights
- List price of $2,300,000 yielding a 5.00% cap rate
- Absolute Triple-Net Lease (NNN) – Zero Landlord Responsibilities
- Rent Increases – 10% increases every 5 years provide effective hedge against inflation
- Recent move-in from Jiffy Lube Corporate and 15 year lease with over 13 years remaining on the primary term
- Corporate Guarantee - Lease is backed by Jiffy Lube International, a subsidiary of Shell. JLI is the leader in the Quick Lube industry
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,764 SF
Building Class
B
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.80 AC
Parking
14 Spaces (7.94 Spaces per 1,000 SF Leased)
Frontage
150 ft on 4th Street Southwest
PROPERTY TAXES
| Parcel Number | 07-08-302-00-800 | Improvements Assessment | $178,086 |
| Land Assessment | $280,218 | Total Assessment | $458,304 |
PROPERTY TAXES
Parcel Number
07-08-302-00-800
Land Assessment
$280,218
Improvements Assessment
$178,086
Total Assessment
$458,304
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