1645 N 51st Avenue, Phoenix, AZ 85035
- $1,899,000
- 1,936
- SqFt
- List Price
- $1,899,000
- Days on Market
- 17
- Status
- ACTIVE
- MLS#
- 7070585
- City
- Phoenix
- Living SQFT
- 1,936
- Lot Size
- 16,335
- Year Built
- 1987
Property Description
ABSOLUTE NNN - JIFFY LUBE, a single-tenant leased property strategically located at 1645 North 51st Avenue in Phoenix, Arizona. This absolute NNN investment offers a rare opportunity to acquire a zero-management asset with long-term, contractually escalating income. This is a long-standing tenant operating at the location since 2008. Tenant covers all building and property maintenance, including roof, structure, taxes, parking, etc. ±1,936 SF freestanding automotive service building on ±0.38 acres. Excellent Visibility on North 51st Avenue, just north of West McDowell Road. 33,435 Vehicles Per Day along N. 51st Avenue adjacent to the property, providing exceptional exposure for a high-volume automotive corridor. Strong automotive oriented location surrounded by complementary automotive, retail, residential and industrial uses, supporting consistent customer demand. 157,552 Residents live within a 3-mile radius, creating a dense and established customer base. Minutes from Interstate 10, offering convenient regional access throughout the Phoenix Metro. Located in a mature infill trade area surrounded by national retailers, industrial employment, and dense residential neighborhoods. Single Tenant, Absolute NNN Leased Investment Opportunity - Jiffy Lube Extremely Profitable Location for Operator 4.5 Years Remaining on current term with 2-5 Yr Options Proven Retail Location - In Operation at this Location Since 2008 Attractive 5% Rental Increases in 2028 and Each Option Period Corporate Owned
Additional Information
- Acres
- 0.38
- Construction
- Stucco
- Cooling
- See Remarks
- Electric
- SRP
- Fencing
- None
- Heating
- See Remarks
- Living Area
- 1,936
- Lot Size
- 16,335
- Parking Features
- Open
- Roofing
- Rolled/Hot Mop
- Taxes
- $8,176
- Tax Year
- 2025
- Water
- City Franchise
- Zoning
- C-2
Courtesy of RE/MAX Fine Properties. 480-792-9500
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