Jiffy Lube

Jiffy Lube Net Lease Investment Opportunity
Knoxville, TN MSA
10-Year Absolute Triple Net Lease | Corporate Guarantee | Fee Simple Ownership

This offering presents a strong opportunity to acquire a single-tenant Jiffy Lube property located in the growing Knoxville, Tennessee Metropolitan Statistical Area. Featuring a long-term absolute triple net (NNN) lease, this investment delivers secure, predictable income from one of the nation’s most recognized automotive service brands. With a hard-corner location, excellent visibility, and strong market fundamentals, this asset represents a stable, management-free investment in a thriving southeastern market.

Location and Market Overview
Knoxville, the third-largest city in Tennessee, anchors a metropolitan area with a population exceeding 875,000. The region benefits from a diversified economy led by healthcare, higher education, manufacturing, and technology. Knoxville is also home to the University of Tennessee, Oak Ridge National Laboratory, and a growing number of corporate relocations.

The subject property sits on a hard corner along a major thoroughfare with daily traffic counts exceeding 32,000 vehicles. The surrounding trade area includes a dense mix of national retailers, quick-service restaurants, grocery anchors, and service-oriented tenants, creating consistent consumer demand. Its location near established residential communities and employment hubs ensures steady daily traffic.

Demographics
The property benefits from strong surrounding demographics. Within a three-mile radius, the population exceeds 55,000 residents with average household incomes of approximately $79,000. Expanding to five miles, the population grows to more than 138,000, supported by Knoxville’s continued residential and commercial expansion. These demographics align well with Jiffy Lube’s customer base, ensuring steady demand for preventative automotive services.

Property Details
The property features a freestanding Jiffy Lube service center totaling approximately 3,200 square feet on a 0.8-acre parcel. The building is designed to the brand’s modern prototype standards, including multiple service bays, high-visibility signage, and customer-friendly access points. The site includes ample parking, excellent ingress and egress, and high street visibility from both directions.

Fee simple ownership provides investors with complete control and long-term stability of the land and improvements.

Lease Structure and Tenant Guarantee
The property is secured by a new 10-year absolute triple net (NNN) lease. Under the lease, the tenant is responsible for all property expenses, including real estate taxes, insurance, and maintenance, leaving ownership with zero landlord responsibilities. The lease also features scheduled rental increases every five years, providing predictable income growth.

Jiffy Lube, a subsidiary of Shell Oil Company, operates more than 2,000 locations nationwide and is widely recognized as a leader in the quick-service automotive maintenance sector. The corporate-backed guarantee enhances credit security and provides investors with confidence in long-term performance.

Surrounding Area and Trade Drivers
Knoxville continues to experience strong economic and population growth, driven by healthcare expansion, corporate relocations, and a thriving education sector. The subject property benefits from its location within a high-traffic retail corridor that includes major national tenants such as Walmart, Lowe’s, Chick-fil-A, Starbucks, and Target. Proximity to dense residential neighborhoods, schools, and commuter routes further supports daily customer traffic.

Investment Highlights

• 10-year absolute triple net (NNN) lease with Jiffy Lube, a subsidiary of Shell Oil Company.
• Fee simple ownership of a 0.8-acre parcel with a 3,200-square-foot modern prototype facility.
• Tenant responsible for all expenses, ensuring a truly passive investment.
• Scheduled rental increases every five years, providing consistent income growth.
• Corporate-backed guarantee from one of the nation’s largest quick-service automotive maintenance providers.
• Prime Knoxville MSA location on a hard corner with daily traffic counts exceeding 32,000 vehicles.
• Strong demographics: more than 55,000 residents within three miles and over 138,000 within five miles, with average household incomes of $79,000.
• Surrounded by national retailers, grocery anchors, and strong residential communities.
• Ideal for 1031 exchange buyers, REITs, and institutional investors seeking stable long-term income.

Buyer Profile and Financing
The property is well-suited for 1031 exchange buyers, REITs, family offices, and institutional investors seeking a secure, credit-backed investment in a growing southeastern market. The absolute NNN structure and corporate guarantee provide excellent lender confidence and attractive financing opportunities.

Conclusion
This Jiffy Lube property in the Knoxville, TN MSA represents a premier single-tenant net lease investment. With a long-term absolute NNN lease, corporate-backed guarantee, and strong location in a growing market, the property offers secure, predictable income and long-term value appreciation.

Qualified investors are encouraged to request the full offering memorandum, tenant lease abstract, and financial details.