MLS# 7070585 – 1645 N 51st Avenue, Phoenix, AZ 85035

Price: $1,899,000
Lot Size Acres: 0.38
Lot Size SqFt: 16,335
Status: Active
Year Built: 1987
Days on Website: 12

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

$1,899,000 – 1645 N 51st Avenue, Phoenix, AZ 85035

Street View

Nearby Schools

Request More Information

Schedule a Showing

Similar Properties Nearby

This content last updated on September 5, 2026 6:48AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.