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1430 Cornwall Ave
Bellingham, WA 98225
Asking Price
$1.22M
Cap Rate
5.5%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
Franchisee Guarantee (500+ Locations) <p>#1 Jiffy Lube in Bellingham and Top 16% Nationally (Placer.AI)</p><p>6+ Year Lease | New 10-Year Extension in 2022</p><p>Absolute Net Lease</p><p>Largest Jiffy Lube Franchisee (500+ Locations)</p><p>Rare 3% Annual Rent Increases</p><p>Low Rent Location ($16.93/SF NNN)</p><p>Strong Historical Occupancy (20+ Years)</p><p>High Visibility, Signalized Corner Location</p><p>Dense, Affluent Demographics</p><p>Strong Population Growth</p><p>Income Tax-Free State</p>
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NOI
$80,000
Cap Rate
6.58%
DSCR
1.11
Tight
Cash-on-Cash
2.16%
Monthly Payment
$6,011.157
Annual Cash Flow
$7,866.115
