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Jiffy Lube 3432 TX-114 4,042 SF Retail Building Fort Worth, TX 76177 $3,696,000 ($914.40/SF) 6% Cap Rate
Investment Highlights
- Listed for $3,696,000 Yielding a Cap Rate of 6.00%.
- Corporate Guarantee – Backed by Jiffy Lube International (a Wholly-Owned Subsidiary of Royal Dutch Shell With a Market Cap Of ±$212 Billion).
- Newer Construction in 2020.
- Absolute NNN Lease Has Zero Landlord Responsibilities.
- Long-Term Lease of 10+ Years Provides Security of Income.
- Growing & Affluent Demographics – ±8.6% Annual Population Increase in a 1-Mi Radius and ±$131,000 Avg. HH Income.
Executive Summary
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,042 SF
Building Class
C
Year Built
2020
Price
$3,696,000
Price Per SF
$914.40
Cap Rate
6%
NOI
$221,760
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.73 AC
Zoning
F1
Parking
38 Spaces (9.4 Spaces per 1,000 SF Leased)
Frontage
293’ on Championship Parkway
Nearby Major Retailers
Property Taxes
| Parcel Number | R775755 | Improvements Assessment | $974,462 |
| Land Assessment | $1,041,886 | Total Assessment | $2,016,348 |
Property Taxes
Parcel Number
R775755
Land Assessment
$1,041,886
Improvements Assessment
$974,462
Total Assessment
$2,016,348
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Jiffy Lube | 3432 TX-114
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