Closed · Single-tenant net lease · Janesville, Wisconsin · September 2026

Multiple buyers in a jiffy.

Closed escrow on a bite-sized Jiffy Lube in Janesville, Wisconsin. Multiple offers. Under contract fast. Closed clean. After we went under contract, the calls kept coming from buyers who wanted a second shot. There wasn't one.

6.75%Cap rate, day one
2%Annual rent increases
500+Unit operator, corporate guarantee
Jiffy Lube · Janesville, WISold · Multiple offers · Closed escrow September 2026

What happened

Here's the part people won't like.

After we went under contract, my phone kept ringing. Buyers. Buyers' agents. "Is it still available?" "Can I get a backup position?" "What if I come in higher?"

No. It's gone. And I'll tell you exactly why you missed it.

Why it moved

It had everything you say you want.

A strong corporate guarantee. A 500+ unit operator. A main-and-main corner in a growing city. 6.75% day one with 2% annual bumps. A property that looks as good in person as it does in the OM. And it was priced right on day one.

Yes, it's a buyer's market. That doesn't mean every deal is a discount. It means the bad deals sit and the good ones still trade. When a deal is priced correctly, the market doesn't need you to negotiate. It needs you to decide.

Pay the price. Get the property. Or don't, and don't be upset with me when it's gone.

The deal

Jiffy Lube, Janesville, Wisconsin.

Single-tenant net lease. Listed, marketed and sold by Centennial Advisers to a buyer who moved like they meant it. Pricing available on request to qualified investors.

AssetJiffy Lube, single-tenant NNN
LocationJanesville, WI · main-and-main corner
Cap rate6.75% day one
Rent increases2% annually
GuaranteeCorporate · 500+ unit operator
ProcessMultiple offers · under contract fast
Seller representationTom Watkins, Centennial Advisers
Buyer representationMax Mantey, Brisky Net Lease

Hat tip

Max Mantey at Brisky Net Lease brought a buyer that moved like they meant it. That's how correctly priced deals get done: a broker on the other side who knows what a good one looks like and doesn't let their client talk themselves out of it.

Net lease buyers and sellers

Want the next one before it's gone?

If you own a net lease property and want a straight read on what it draws today, or you're a buyer who doesn't want to be the one calling after it's under contract, start here.

Tom Watkins Regional Vice President of Investments
(310) 488-1789
tom.watkins@centadv.com
CalDRE #01754440
Get on the list

Deal details are shared as of closing and reflect the terms in place at the time of sale. Purchase price and confidential terms are available to qualified investors on request. Nothing on this page is an offer to sell or a solicitation of an offer to buy any specific property. Tom Watkins is a licensed real estate broker with Centennial Advisers.