Jiffy Lube
Nearly all stores are franchised, so leases are signed by franchisees (some large multi-unit operators), not Shell. Credit is therefore operator-specific; review franchisee size, guarantees and store sales.
- US units
- 2,000
- 2026 (approx.)
- 3Y net growth
- +0.0%
- vs. 2022 (approx.)
- Credit rating
- NR
- No public rating
- Typical term
- 15-20 yr
- Absolute NNN
- Model
- Franchised
- Subsidiary of Shell plc
Unit count
Jiffy Lube in the news
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Jiffy Lube net lease FAQ
What is Jiffy Lube's credit rating?
Jiffy Lube does not carry a public S&P issuer credit rating (NR). Landlords underwrite it on unit-level performance, the guarantor named in the lease and, for public companies, reported financials.
How many Jiffy Lube locations are there in the US?
Jiffy Lube reported about 2,000 US locations as of 2026 (approx.). That is +0.0% versus 2,000 in 2022 (approx.).
What does a typical Jiffy Lube net lease look like?
Lease type: Absolute NNN. Initial term: 15-20 yr. Rent increases: ~10% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Jiffy Lube corporate or franchised?
Operating model: Franchised. Jiffy Lube is part of Shell plc. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.