Tenant Profiles

Jiffy Lube

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02/29/2024 By B+E

Jiffy Lube

jiffylube.com

18
Number on Market

$2.0M
Average Price

11.8
Average Remaining Term (Years)

5.80%
Average Cap Rate

Jiffy Lube Tenant Overview

Jiffy Lube is an American company that provides automotive oil change and maintenance services. Founded in 1979, the company is headquartered in Houston, Texas. Jiffy Lube operates over 2,000 stores in North America and is present in all 50 states of the United States. It is a subsidiary of Pennzoil-Quaker State Company, which is a subsidiary of Shell Oil Company.

Jiffy Lube has a loyal customer base, thanks in part to its commitment to providing high-quality services and products. The company is known for its quick and efficient oil change services, along with its use of top-of-the-line lubricants and other products. Jiffy Lube is a good investment because of its strong credit and high-quality real estate holdings, as well as its growing presence in the automotive maintenance industry.

Tenant Data:

Company	Jiffy Lube
Parent Company	Shell PLC
Ownership	Public
Headquarters	Houston, Texas
Ticker	NASDAQ: SHEL
Credit Rating	AA- (Fitch)
Annual Revenue	$381.3B (2022)
Locations (North America)	± 2,000
North America	Global
Website	www.jiffylube.com

Average Jiffy Lube Info
Number on Market	18
Average Price	$1,966,858
Average Remaining Term	11.8 Years
Average Cap Rate	5.80%
Average NOI	$111,933
Average PPSF	$740
Average Building SF	2,781 SF
Average Lot Size	0.62 AC
As Of Date	02/01/2024