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$ 1,899,000
Est. payment | /mo
0.38 Acres Lot
$ 1,899,000
Est. payment | /mo
0.38 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7070585
Year Built 1987
Annual Tax Amount $8,176
Tax Year 2025
Lot Size 0.375 Acres
Acres 0.38
Source Arizona Regional Multiple Listing Service (ARMLS)
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
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
Location
State AZ
County Maricopa
Area Maricopa
Zoning C-2
Direction North of McDowell Rd on the East side of 51st Ave
Interior
Heating See Remarks
Cooling See Remarks
Flooring Concrete
Exterior
Parking Features Free
Fence None
Roof Type Rolled/Hot Mop
Private Pool No
Building
Dwelling Type Commercial
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 103-20-003-W
Disclosures Other (See Remarks)
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listed by RE/MAX Fine Properties • Brett Nicholas