Jiffy Lube - 15-Year Corporate Absolute NNN | 12390 State 29 hwy
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Jiffy Lube - 15-Year Corporate Absolute NNN 12390 State 29 hwy
2,984 SF Retail Building Liberty Hill, TX 78642 $4,290,000 ($1,438/SF) 5.51% Cap Rate
Investment Highlights
- 15-year absolute NNN corporate lease with 10% rent increases every 5 years
- Located in one of the fastest-growing markets in the US - Liberty Hill population has nearly tripled since 2020
- Thriving Development Hub: New projects like Butler Farms and Vista@29 across and along Highway 29
- Brand-new-construction 4-bay Multicare Prototype; Store opening December 2024
- Excellent demographics: average annual income of $131,000+
- Strong national presence in auto-oriented corridor, including Caliber Collision, Autozone, Brakes Plus, Valero and more
Executive Summary
The brand-new construction Jiffy Lube is located in the affluent Austin submarket of Liberty Hill, Texas and features a 15-year absolute NNN corporate lease with 10% rent increases. Featuring the newest 4-bay Multicare prototype, it is set to open in December 2024.
The site boasts prime visibility with direct frontage on Highway 29, which carries 28,000+ vehicles per day, and benefits from synergistic co-tenants within a retail auto mall, with several neighboring national auto tenants including Caliber Collision, AutoZone, Brakes Plus, and Valero.
Liberty Hill is one of the fastest-growing markets in the USA. The surrounding population has nearly tripled since 2020, and the area is home to higher-income demographics, with an average annual income exceeding $131,000.
Jiffy Lube is one of the most renowned oil change operators in the United States, with 2,000 units nationwide.
The site boasts prime visibility with direct frontage on Highway 29, which carries 28,000+ vehicles per day, and benefits from synergistic co-tenants within a retail auto mall, with several neighboring national auto tenants including Caliber Collision, AutoZone, Brakes Plus, and Valero.
Liberty Hill is one of the fastest-growing markets in the USA. The surrounding population has nearly tripled since 2020, and the area is home to higher-income demographics, with an average annual income exceeding $131,000.
Jiffy Lube is one of the most renowned oil change operators in the United States, with 2,000 units nationwide.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,984 SF
Building Class
B
Year Built
2024
Price
$4,290,000
Price Per SF
$1,438
Cap Rate
5.51%
NOI
$236,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Zoning
C
Parking
13 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Freeway Visibility
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Jiffy Lube
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Jiffy Lube | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R623024 | Improvements Assessment | $0 |
| Land Assessment | $279,899 | Total Assessment | $279,899 |
PROPERTY TAXES
Parcel Number
R623024
Land Assessment
$279,899
Improvements Assessment
$0
Total Assessment
$279,899
Contacts
-
Marc Merchant -
Matt Kramer -
Kyle Gulock -
Joshua Berger -
Century Partners Real Estate Inc.
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Jiffy Lube - 15-Year Corporate Absolute NNN | 12390 State 29 hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.