January 16, 2025 – Jason Woods of Horvath & Tremblay has successfully completed the sale of Jiffy Lube in Manchester, New Hampshire. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,530,000.
Jiffy Lube is located at 283 S Willow Street in Manchester, New Hampshire. Jiffy Lube has occupied this location since its construction in 2004 and recently extended their lease demonstrating their commitment to the site and the market. Jiffy Lube has 9+ years remaining on their Triple Net Lease with one (1), 5-year renewal option. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and at the start of the five-year renewal option. Jiffy Lube is well located along S Willow Street (NH Route 28), the area’s primary commercial and commuter corridor in the South End of Manchester. Positioned adjacent to a traffic light, Jiffy Lube enjoys outstanding frontage, visibility, signage and access and is 1.3-miles from Interstate 293 and 2.6-miles from Interstate 93. The Property is surrounded by large shopping centers and national retailers and restaurants that drive traffic to the area and densely populated residential neighborhoods that provide a built-in customer base. Jiffy Lube is 1.3-miles from Manchester Memorial High School, 1.5-miles from Downtown Manchester, and 1.8-miles from the Mall of New Hampshire and is convenient to Southern New Hampshire University, and the Manchester-Boston Regional Airport.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.