1219 Tri View Ave. Sioux City, IA 51103
Summary
The lease is guaranteed by Allied Lube Texas LP, one of the top Jiffy Lube. A 20 year lease with 10% increases every 5 years and three (3) five (5) year options.
Agent(s) Involved: Shawn Jass
Agency/Representation: Buyer
Transaction Details
| Status: | Closed |
| COE Date: | 1/1/2009 |
| Price: | $377,500 |
| Cap Rate: | 9% |
| Tenant(s): | Jiffy Lube |
| Year Built: | 1985 |
| Bldg. Size: | 3,200 SF |
| Lot Size: | 17,285 SF |
| NOI: | $30,000 |
| Lease Term | 20year NNN |
| Renewal Options: | Three (3) Five (5) Year Terms |