1645 N 51ST Avenue, Phoenix, AZ 85035
1645 N 51ST Avenue, Phoenix, AZ 85035
1645 N 51ST Avenue, Phoenix, AZ 85035
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$ 1,899,000
Est. payment | /mo

0.38 Acres Lot


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$ 1,899,000
Est. payment | /mo
Save

0.38 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7070585

Year Built 1987

Annual Tax Amount $8,176

Tax Year 2025

Lot Size 0.375 Acres

Acres 0.38

Source Arizona Regional Multiple Listing Service (ARMLS)

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

Location

State AZ

County Maricopa

Area Maricopa

Zoning C-2

Direction North of McDowell Rd on the East side of 51st Ave

Interior

Heating See Remarks

Cooling See Remarks

Flooring Concrete

Exterior

Parking Features Free

Fence None

Roof Type Rolled/Hot Mop

Private Pool No

Building

Dwelling Type Commercial

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 103-20-003-W

Disclosures Other (See Remarks)

Arizona Regional MLS (ARMLS)
Listed by RE/MAX Fine Properties • Brett Nicholas

Nearby Locations

Tony Vejar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(602) 361-5867

tony@luxuryazliving.com

16165 N 83rd Ave, Ste 200, Glendale, AZ 85308, USA

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1645 N 51ST Avenue