Courtesy of RE/MAX Fine Properties
Property Description
ABSOLUTE NNN – JIFFY LUBE, a single-tenant leased property strategically located at 1645 North 51st Avenue in Phoenix, Arizona. This absolute NNN investment offers a rare opportunity to acquire a zero-management asset with long-term, contractually escalating income. This is a long-standing tenant operating at the location since 2008. Tenant covers all building and property maintenance, including roof, structure, taxes, parking, etc. ±1,936 SF freestanding automotive service building on ±0.38 acres. Excellent Visibility on North 51st Avenue, just north of West McDowell Road. 33,435 Vehicles Per Day along N. 51st Avenue adjacent to the property, providing exceptional exposure for a high-volume automotive corridor. Strong automotive oriented location surrounded by complementary automotive, retail, residential and industrial uses, supporting consistent customer demand. 157,552 Residents live within a 3-mile radius, creating a dense and established customer base. Minutes from Interstate 10, offering convenient regional access throughout the Phoenix Metro. Located in a mature infill trade area surrounded by national retailers, industrial employment, and dense residential neighborhoods. Single Tenant, Absolute NNN Leased Investment Opportunity – Jiffy Lube Extremely Profitable Location for Operator 4.5 Years Remaining on current term with 2-5 Yr Options Proven Retail Location – In Operation at this Location Since 2008 Attractive 5% Rental Increases in 2028 and Each Option Period Corporate Owned
Open House
Property Details and Features
-
Building
- Built in 1987
- Living area: 1936.0
- 1 building
- Construction Materials: Stucco
-
Disclosures
- Other (See Remarks)
-
Fence
- None
-
Floors
- Vinyl
- Concrete
-
Income
- Net Operating Income: $120,750
-
Listing
- Listing ID: 7070585
- Standard Status: Active
- MLS Status: Active
- On market as of 2026-08-24
- 11 days on market
-
Location
- County/Parish: Maricopa
-
Lot
- 0.38 acres
-
Parking
- 3 covered spaces
- 3 total parking spaces
- Free
-
Roof
- Rolled/Hot Mop
-
Sewer
- Public Sewer
-
Taxes
- Parcel Number: 103-20-003-W
- Public Survey Range: 2E
- Public Survey Section: 33
- Annual Amount: $8,176
- Tax Book Number: 103.00
- Legal Description: BEG 561.52F N SW COR SD SEC E 180F N 116F W 180F S 116F EX W 40F & EX 12F RAD IN NW COR
- Lot: 1
- Map Number: 20.00
- Parcel Letter: W
- Year: 2025
- Zoning: C-2
-
Utilities
- Water Source: City Franchise
- SRP
Property Map
Street View
Market Trends for 85035, Phoenix, AZ
Nearby Schools
Request More Information
Schedule a Showing
Similar Properties Nearby
This content last updated on September 5, 2026 5:58AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.