Jiffy Lube - Net Lease Property for Sale
Magnolia, TX
Key Investment Metrics
Price
$2,740,000
Cap Rate
5.8%
Net Operating Income
$157,267
Building Size
4443 SF
Lot Size
4,443 SF
Land Area
0.72 Acres
Remaining Term
10.2 years
Lease Expiration
02/28/2036
Lease Term
20.1 years
Lease Commencement
02/01/2016
Lease Type
NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2015
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Jiffy Lube Net Lease Property
This Jiffy Lube NNN (triple net lease) property is located in Magnolia, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 4443 square feet of building space and was built in 2015.
With a cap rate of 5.8%, this Jiffy Lube net lease property offers stable income potential. The asking price is $2,740,000, making it an attractive option for 1031 exchange investors seeking quality Jiffy Lube commercial properties.
Why Invest in Jiffy Lube NNN Properties?
- Stable Income: Jiffy Lube net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Jiffy Lube is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Magnolia, TX Market Overview
Located in Magnolia, TX, this Jiffy Lube property benefits from strong local demographics and market fundamentals. The Magnolia area offers excellent visibility and accessibility, making it an ideal location for Jiffy Lube operations and a solid investment for net lease property buyers.