(Northbrook, IL- May 30, 2017) –- (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of two single tenant net leased Jiffy Lube locations in Indiana for $2,400,000.
The two Jiffy Lube locations are newly renovated and recently added additional drive-in bays exemplifying the tenants’ commitment to the locations. There are more than 15 years remaining on the Jiffy Lube leases which expire December 14, 2032. The two absolute triple net leases feature annual rental escalations in the primary term and in each of their two 5-year renewal option periods. The tenant is an experienced Jiffy Lube operator throughout the states of Indiana and Kentucky.