About This Home

This 0-bedroom, 0-bathroom single family at 1645 N 51ST Avenue in Phoenix, AZ is listed for $1,899,000. Built in 1987, on a 0.38 acres lot.

Key Features

  • Built in 1987
  • 0.38 acre lot

Property Details

1 story
1987
Listing 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

Monthly Cost Estimate

$10,156/mo

20% down · 6.5% · 30 years

Principal$1,373
Interest$8,229
Insurance$554

Estimates only. Actual payments may vary.

Location

1645 N 51ST Avenue

Phoenix, AZ 85035

Property Details

Flooring

VinylConcrete

Construction

Stucco

Questions & Answers

This 0-bedroom, 0-bathroom single family at 1645 N 51ST Avenue is listed at $1,899,000. The estimated monthly payment is $10,156 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1987, 0.38 acre lot.

This property is listed by Brett Nicholas.

BN

Brett Nicholas

Agent at RE/MAX Fine Properties

Listed by RE/MAX Fine Properties · Broker phone: (480) 792-9500 · Broker website

MLS# 7070585· Source: Arizona Regional Multiple Listing Service, Inc.· 66 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1645 N 51ST Avenue, Phoenix, AZ 85035

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