NNN Jiffy Lube – Acquisition

Western, US

$1,650,000

Funding Purpose

  • Assist Sponsors in expanding their Real Estate portfolio outside of Multifamily assets by acquiring first Retail property.

Property Description

  • Single Tenant NNN Jiffy Lube Located in Western US.

Sponsors

  • The sponsor is an experienced real estate investor.

Challenges

  • Sponsor’s First NNN Purchase
  • Tenant is a Franchisee
  • Sponsors live in different state than subject property

Solutions

  • Funding secured despite the challenges

Funding

  • Loan Amount (LTV): 65%
  • Interest Rate: 3.99%
  • Amortization: 30 Y
  • Term: 7 + 3 
  • Prepayment: Allowed

Director  | Capital Advisor

714-469-6718

mingle@taurocapitaladvisors.com

Managing Director  | Capital Advisor

714-401-7667

mbucaro@taurocapitaladvisors.com