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15750 N Fwy Service Rd
Houston, TX 77090
Jiffy Lube | 15-Year NNN | New Construction · Retail Property For Sale
Investment Highlights
- Absolute NNN lease- zero landlord responsibilities for operating or capital expenses
- Long-Term Lease – the tenant signed a new 15-year lease, which is scheduled to commence in February 2022
- Highly Visible Freeway Location – the subject property is easily accessible via Interestate-45, serving over 293,000 VPD
- Attractive Rent Increases – lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation
- Lease Guaranty from One of the Largest Jiffy Lube Franchisees - Allied Lube operates over 90 service stations throughout Texas
Property Facts
Property Type
Retail
Building Size
2,984 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.95 AC
Zoning
Commercial
Property Taxes
| Parcel Number | 1369580010002 | Improvements Assessment | $2,383,303 |
| Land Assessment | $1,176,120 | Total Assessment | $3,559,423 |
Property Taxes
Parcel Number
1369580010002
Land Assessment
$1,176,120
Improvements Assessment
$2,383,303
Total Assessment
$3,559,423
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