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Jiffy Lube Multicare 109 FM 250

3,000 SF Retail Building Hughes Springs, TX 75656 £1,968,433 (£656/SF) 6.15% Net Initial Yield

Investment Highlights

  • 15-Year Corporate Absolute NNN Lease with 10% Rent Increases Every 5-Years
  • Located Near Several National Retailers, including Dollar General, Dairy Queen, and Sonic
  • Jiffy Lube is the National Leader in Quick Lube Services with More Than 2,200 Locations Nationwide
  • Excellent Hard Corner Location at Intersection of Hanes Blvd (2,600 VPD) and Holloman, Right Off W 1st St (7,800 VPD)
  • Large Format Jiffy Lube Multicare Center: Features Extra Services such as Brakes, Battery, Engine, Fluids, & Suspension
  • Hughes Springs | Located in East Texas, a Growing Region | Fort Worth Population: 1,543+

Attachments

SECURE NET LEASE OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,000 SF
Building Class
C
Year Built
2023
Price
£1,968,433
Price Per SF
£656
Net Initial Yield
6.15%
NOI
£121,059
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Lot Size
0.40 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
F1 - Commercial

Links

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PROPERTY TAXES

Parcel Number 23356 Improvements Assessment £271,970
Land Assessment £18,204 Total Assessment £290,173

PROPERTY TAXES

Parcel Number
23356
Land Assessment
£18,204
Improvements Assessment
£271,970
Total Assessment
£290,173
(214) 675-0175

Contacts

  • Listing ID: 33209029

  • Date on Market: 17/09/2024

  • Last Updated:

  • Address: 109 FM 250, Hughes Springs, TX 75656

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© 2024 CoStar Group

Jiffy Lube Multicare | 109 FM 250
(214) 675-0175 x

Jiffy Lube Multicare | 109 FM 250

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Matthew Scow

(214) 675-0175

(214) 675-0175

Joseph Caputo

(424) 220-6432

(424) 220-6432

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