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- LoopNet Team
5710 Forest Bend Dr
Arlington, TX 76017
Jiffy Lube · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rent Increases – there are 10% rent increases every 5 years to help hedge against inflation
- Absolute NNN lease structure – No landlord responsibilities makes this ideal for 1031 investors looking for a truly passive investment
- New Long-Term Lease – The tenant is re-committing to this location by signing a brand-new 15-year lease to commence at close of escrow.
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Drive Thru
ABOUT 5710 FOREST BEND DR , ARLINGTON, TX 76017
INVESTMENT HIGHLIGHTS Clean Phase I in Hand – Seller has a recently completed clean Phase I Environmental Report for this property in hand. Auto service-based assets may be eligible for an accelerated depreciation schedule *Consult your tax or accounting professional to see how this will apply to you LOCATION HIGHLIGHTS As the home to the Dallas Cowboys and Texas Rangers, Arlington is nestled in the heart of DFW – consistently one of the nation’s top growing MSA’s This property is located within an extremely strong retail area that benefits from proximity to easy access to I-20, which sees ±160,000 VPD, which has led to the long-term success and the +30-year successful operating history of Jiffy Lube at this location. The 3-mi. trade area surrounding this property has an average household income of $105,625/year and population is expected to rise an additional 5.62% to 93,402 residents in the next 5-years. This location is ideally situated between a McDonalds and an O’Reilly Auto Parts, which is extremely beneficial for this Jiffy Lube.
PROPERTY TAXES
| Parcel Number | 05946026 | Improvements Assessment | $807,889 |
| Land Assessment | $198,924 | Total Assessment | $1,006,813 |
PROPERTY TAXES
