Jiffy Lube

Tenant Description

Jiffy Lube has been leading the automotive servicing industry for over 35 years. Each location is owned and operated by a franchisee, however some leases will carry a corporate guarantee. As of January 2019, there are approximately 2,000 Jiffy Lube open for business. The company is a subsidiary of Pennzoil which is owned by Shell Oil.

What We Like About Jiffy Lube

Brand Recognition, E Commerce Resistant Business Model

What To Look For When Buying a Jiffy Lube

Potential Environmental Issues, Is This A NNN or NN+ Lease, Is Corporate Backing The Lease Or A Franchisee, Can You Repurpose The Building In The Future

Competition

Valvoline, Take 5 Oil

What Services Does Jiffy Lube Offer

Jiffy Lube is primarily known for oil changes, but also provides routine car maintenance services for air conditioning, fuel systems and transmissions. At some of its locations it also performs inspections and emissions testing, repairs windshields and rotates tires.

Jiffy Lube Website

https://www.jiffylube.com/

Corporate Office Location

Jiffy Lube International, Inc.
P.O. Box 4427 – Houston, TX 77210-4458

Parent Company

Jiffy Lube is a subsidiary of Pennzoil which is owned by Shell Oil

https://www.shell.us/

Fast Facts

 In 1979, Jiffy Lube created the first drive-through service bay to make oil changes quicker for customers. It was also the first to introduce the window sticker to remind customers when they are due for their next oil change.

Jiffy Lube was Ranked #1 on National Oil and Lube News 2011 Tops in the Fast Lubes Industry Rankings.

Jiffy Lube was Ranked #1 in the 2014 Training Top 125, Training magazine’s annual ranking of companies’ excellence in training and development programs

Jiffy Lube was Ranked #3 in Entrepreneur magazine’s 2013 Franchise 500®

Jiffy Lube was Ranked #1 in the 2011 ASTD BEST Award for the best international training program by the American Society of Training and Development

Stock Price
Tenant News
Average Cap Rate Trend
5.75%
2019
5.50%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$1,900,000
Average Annual Rental Income$120,000
Average Price/SFN/A
Typical Lease TypeTriple Net
Typical Lease Term20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating (Parent Company)
S & PAA- Stable
Moody'sAa2 Stable

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