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Property 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
Full Property Details
Full Property Details for 1645 N 51st Ave
General
- Price: $1,899,000
- Taxes: $8,176 (2025)
- Status: Active
- Type: Commercial
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7070585
- Updated: 8/24/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Retail, Automobile, Service Business
Interior
- Flooring: Vinyl, Concrete
Parking
- Parking Features: Free
Location
- County: Maricopa
- Township: 2N
- Cross Streets: 51st Ave & McDowell Rd
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Structure Type: Commercial
- Exterior Const.: Stucco
- Roof: Rolled/Hot Mop
- Year Built: 1987
Lot Features
- Lot Size (Acres): 0.38
- Lot Size (Sq. Ft.): 16,335
- Zoning: C-2
Financial Considerations
- Tax Amount: $8,176
- Tax Year: 2025
Disclosures and Reports
- Legal Description: BEG 561.52F N SW COR SD SEC E 180F N 116F W 180F S 116F EX W 40F & EX 12F RAD IN NW COR
- Property ID: 103-20-003-W
- Range: 2E
- Section: 33
- Lot Number: 1
Listed by RE/MAX Fine Properties
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Schools
Schools serving 1645 N 51st Ave
School Districts:Isaac Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Joseph Zito Elementary School 4525 West Encanto Boulevard, Phoenix, AZ 85035 | K-5 | 0.7 mi |
Pueblo Del Sol Middle School 3449 North 39th Avenue, Phoenix, AZ 85019 | K-5 | 2.1 mi |
Maryvale High School 3415 North 59th Avenue, Phoenix, AZ 85033 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1645 N 51st Ave
Date
Details
Price
Change
Source
8/24/2026
Listed
$1,899,000
-0.05%
MLS
7/14/2021
Sold
$1,899,999
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1645 N 51st Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,176
-4%
$78,980
1%
2024
$8,500
-1%
$77,917
-5%
2023
$8,543
2%
$82,122
18%
2022
$8,387
—
$69,377
14%
2022
$8,387
-2%
$60,696
-1%
2021
$8,599
2%
$61,578
9%
2020
$8,441
2%
$56,646
1%
2019
$8,292
—
$55,944
3%
2018
$8,308
1%
$54,414
24%
2017
$8,259
3%
$43,722
7%
2016
$7,999
5%
$40,770
13%
2015
$7,606
31%
$36,224
4%
2014
$5,827
-9%
$34,941
-6%
2013
$6,418
—
$37,076
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1645 N 51st Ave
1645 N 51st Avenue, Phoenix, AZ 85035 (MLS# 7070585) is a Commercial property. 1645 N 51st Avenue is currently listed for $1,899,000 and was received on August 24, 2026. Want to learn more about 1645 N 51st Avenue? Do you have questions about finding other Commercial real estate for sale in Maryvale? You can browse all Maryvale real estate or contact a Coldwell Banker agent to request more information.

