Jiffy Lube | 20 Year NNN Sale Leaseback Located in Major Retail Corridor
7441 Hillwood Dr, Gainesville, VA 20155
- For Sale $3,700,000
- Property Type Retail
- Lot Size 0.63 SF
- Date Updated Aug 07, 2022
We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant absolute NNN lease Jiffy Lube asset located in Gainesville, VA with 20 lease years remaining. Operating at this location since 2006, Jiffy Lube recently signed a new 20-year lease in May of 2022, demonstrating the strength of this location. The lease also provides 5% increases every 5 years and includes (2), five-year option periods.
The subject property is well positioned in the main retail cohort of Gainesville; located diagonally to Virginia Gateway Shopping Center, which boasts a selection of over 120 retail shops, restaurants, and service-oriented businesses. Major retailers include Super Target, Best Buy, Hobby Lobby, Lowe’s, PetSmart, HomeGoods and many others. The property also benefits from its proximity to Jiffy Lube Live (Live Nation). Jiffy Lube Live is an outdoor live performance amphitheater for music concerts seating 25,262, making it the largest music-oriented venue in the Washington Metropolitan Area.
This is an excellent opportunity to purchase an absolute NNN single tenant Jiffy Lube asset, located in the main retail trade cohort, with a 20-year lease and zero landlord management responsibilities.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
- Walk Score ® Car-Dependent (37)
- Bike Score ® Somewhat Bikeable (39)
- City Gainesville, VA
- Neighborhood Somerset
- Zip Code 20155
- Market Washington DC Suburban Maryland
Points of Interest
BJ's Wholesale Gas Station
Limestone Drive Park and Ride
University Boulevard (Gainesville) Park and Ride Lot
Meter Parking (ME)
Faculty/Staff Parking (A1)
Student Parking (B1)
Student Parking (B1)
Faculty/Staff Parking (A2)
Official State Vehicle Parking (O)
Beacon Hall - Resident Parking Lot
Joe's Pizza and Subs
Frequently Asked Questions
What is the total square footage of Jiffy Lube | 20 Year NNN Sale Leaseback Located in Major Retail Corridor?
Jiffy Lube | 20 Year NNN Sale Leaseback Located in Major Retail Corridor totals 2,079 square feet.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.