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HOUSTON-An investment group from Sacramento has closed anall-cash deal for 15 Jiffy Lube International Inc. stores with twoto 20 years left on franchisees' triple net leases. The seven-stateportfolio, brought to market by the corporate owner, was pushingthe $8.27-million ask when final documents were inked.

The investment group was up against seven other solid offers forthe portfolio, which sold for $330 per sf based on the average1,700-sf store size, Patrick Graham, associate broker for ColliersTexas in Houston, tells GlobeSt.com. The package had one Texasproperty, 3302 Ella Blvd. The balance is made up of retail sites inBurbank, Crestwood and Downer's Grove, IL; Anderson, Kokomo andNoblesville, IN; Cedar Falls, two in Cedar Rapids and CouncilBluffs, IA; Akron and Eaton, OH; Silverdale, WA; and Evanston,WY.