America’s best-known quick-lube brand under new private-equity ownership, with franchisee leases at accessible prices, and how to vet the operator, from a NNN buyer’s broker with 225+ transactions.
A Jiffy Lube NNN property is a small freestanding oil change and auto service center, often about 1,500 to 3,000 square feet with several bays, leased on a NNN or absolute NNN basis, typically 15 years with 10% rent increases every five years on new deals. Jiffy Lube has more than 2,000 service centers in North America, and nearly all of them are run by independent franchisees.
Shell sold Jiffy Lube to private-equity firm Monomoy Capital Partners in a deal that closed July 1, 2026, so Shell’s credit does not stand behind Jiffy Lube leases. Your rent is backed by the franchisee, such as Team Car Care, the largest operator with more than 450 locations. That makes the operator, the rent and the real estate the key questions on a 1031 exchange. Solid Investments FL helps buyers answer them, and our buyer representation is always free to you.
| Tenant | A franchisee operating company; confirm the tenant and every guarantor on each lease |
|---|---|
| Owner | Monomoy Capital Partners (private equity) since July 1, 2026; previously Shell |
| Credit | No public rating for Jiffy Lube or its franchisees |
| Locations | 2,000+ franchised service centers in North America |
| Largest operator | Team Car Care, about 458 locations in 23 states |
| Building size | Often about 1,500–3,000 SF with multiple bays |
| Typical lease term | 15 years on new leases |
| Lease type | NNN or absolute NNN |
| Rent increases | Typically 10% every 5 years |
| Typical cap rate (2026) | About 5.25%–6.25%, depending on the operator, term and location |
| Typical price range | About $1M–$2.5M |
Ownership and location counts per Shell and Jiffy Lube announcements (2026). Cap rates and pricing reflect current market conditions and vary by deal.
Jiffy Lube leases are backed by franchisees, not Jiffy Lube corporate or Shell. Read exactly who signs the lease and who guarantees it.
Confirm how many units actually back the lease. Large operators often hold stores in separate subsidiaries, so a big name may not mean a big guarantee.
Private-equity owner Monomoy took over in July 2026, and the largest franchisee changed hands earlier in 2026. Watch for changes in operators and store strategy.
On a small service building, compare the rent per square foot to local auto-service rents. Rent at or below market protects you if you ever need to re-lease.
Oil, fluids and lifts mean environmental exposure. Get a Phase I environmental report and review the lease’s environmental clauses.
Electric vehicles don’t need oil changes, though most Jiffy Lubes also offer other services. A long lease and strong real estate are your protection.
Solid Investments FL is a NNN buyer's brokerage based in Lakewood Ranch (Sarasota), FL, with 225+ NNN transactions. We help investors and 1031 exchange buyers find, underwrite and close Jiffy Lube and other quick-lube properties nationwide, and our buyer representation is free.
Private-equity firm Monomoy Capital Partners. Shell sold Jiffy Lube International to Monomoy in a deal that closed on July 1, 2026. Shell's credit does not stand behind Jiffy Lube leases.
As of 2026, Jiffy Lube NNN properties generally trade around 5.25% to 6.25% cap rates. Strong multi-unit operators and long remaining terms trade at the lower end.
Franchisee. Nearly all Jiffy Lube service centers are owned and operated by independent franchisees, so the lease is backed by the operator. Confirm exactly who signs and how many units back the guarantee.
Many investors like them for their small price points and essential service. The key risks are the operator's strength, environmental issues and re-leasing a specialized building, so a Phase I report and a careful lease review are essential.
If you buy it fee simple, yes: you own the building and site improvements, which can be depreciated, and a cost segregation study can accelerate part of that. Confirm with your CPA.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
We’ll help you vet the operator and the lease. Tell us your budget and timeline; our buyer representation is completely free.
📞 954-296-6955 | 11015 Gatewood Dr Suite 102, Lakewood Ranch, FL 34211