Jiffy Lube
Baskersfield, CA

Jiffy Lube is an American brand of automotive oil change specialty shops founded in Utah, United States, in 1971. It has been a subsidiary of Dutch Shell Oil since 2002, and is headquartered in Houston, Texas.
The Company is a leading provider of automotive preventive maintenance. With a national footprint of more than 2,000 franchisee owned service centers across the country, Jiffy Lube offers a range of services from oil changes and tire rotations, to everything in between.
Jiffy Lube technicians are not just highly trained in preventive maintenance, they are also highly trained in customer service. So if you have any questions about vehicle maintenance or the services performed at any Jiffy Lube service center, your technician will help you find the resources and information you need, whether it’s in-store, online or by accessing your vehicle manufacturer’s recommendations. It’s just another way Jiffy Lube strives each and every day to help you Leave Worry Behind® .
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Typical Lease Characteristics
Lease Term: 10 – 15 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 2-4 (5) Year Options
Lease Guarantor: Corporate and Franchise
Positives:
- Strong parent company
- Typically located in high traffic locations
- Typically Long term leases with increases
Negatives:
- Mostly Franchised Spaces
- Typically High Cost Per Square Foot
- Unique buildouts and large spaces make it more challenging to re-tenant
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Jiffy Lube Similar Tenants
Jiffy Lube Company Profile
Headquarters Information
Houston, Texas
Founded in 1971
Company type: Public
Parent Company: Royal Dutch Shell
Industry: Automotive Services