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3468 FM 1488
Magnolia, TX 77354
Jiffy Lube · Retail Property For Sale
Executive Summary
Long-Term Absolute Triple-Net Lease
Zero Landlord Responsibility
20-Year Primary Term with Multiple Renewal Options
Strong Corporate Guarantee – Jiffy Lube, a Leading Automotive Service Brand with 2,000+ Locations Nationwide
Excellent Visibility Along FM 1488, a Major Thoroughfare with Traffic Counts Exceeding 52,000 Vehicles Per Day
Population Within a 5-Mile Radius of 139,712 People and Projected to Grow 3.9% Annually
The Average Household Income of $152,161 – Significantly Above the National Average
Surrounded by National Retailers and Service Uses, Including HEB, Quick Quack Car Wash, Burger King, Target, Chick Fil A, Raising Cane’s, Region’s Bank, Tesla, Discount Tire, Dunkin Donuts, and Many More
Zero Landlord Responsibility
20-Year Primary Term with Multiple Renewal Options
Strong Corporate Guarantee – Jiffy Lube, a Leading Automotive Service Brand with 2,000+ Locations Nationwide
Excellent Visibility Along FM 1488, a Major Thoroughfare with Traffic Counts Exceeding 52,000 Vehicles Per Day
Population Within a 5-Mile Radius of 139,712 People and Projected to Grow 3.9% Annually
The Average Household Income of $152,161 – Significantly Above the National Average
Surrounded by National Retailers and Service Uses, Including HEB, Quick Quack Car Wash, Burger King, Target, Chick Fil A, Raising Cane’s, Region’s Bank, Tesla, Discount Tire, Dunkin Donuts, and Many More
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,443 SF
Building Class
B
Year Built
2015
Price
$2,740,000
Price Per SF
$616.70
Cap Rate
5.74%
NOI
$157,267
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.73 AC
Frontage
165’ on FM 1488
Property Taxes
| Parcel Number | 2625-90-00100 | Improvements Assessment | $1,468,546 |
| Land Assessment | $501,808 | Total Assessment | $1,970,354 |
Property Taxes
Parcel Number
2625-90-00100
Land Assessment
$501,808
Improvements Assessment
$1,468,546
Total Assessment
$1,970,354
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