800 W Bedford Euless Rd
Hurst, TX 76053
Single Tenant NNN Jiffy Lube · Retail Property For Sale

Pegasus Investments is pleased to offer a single tenant Jiffy Lube located at the signalized corner of Bedford Euless and Precinct Line Roads in Hurst (Dallas Fort-Worth), Texas. The Property is subject to a 100% absolute triple net (NNN) lease to a 75+ unit Jiffy Lube operator with over 11-years of operating history at this location and 30+ years of occupancy at this location under the current use. The tenant, which shares the intersection with CVS, Walgreens and Valero, is currently paying below-market, replaceable rent which offers the investor downside protection and upside opportunity. The lease is jointly and severally guaranteed by three distinct Allied Lube operating entities proving the tenant's commitment to maintaining the location. The property is located along Bedford Euless Road just off the Airport Freeway (183/121-Toll Road) which connects Dallas and Fort Worth. The rapidly expanding retail corridor along Precinct Line Road most notably features a Super Target and several brand new build-to-suit outparcels including In N Out, Pollo Tropical, Wells Fargo, Pei Wei, Potbelly, and Sonic. The property is also located just 1/2 mile from the North East Mall, a 1.7 million SF, 98% occupied, Simon owned mall (NASDAQ: SPG). The Property book-ends a major retail, hospitality, office and high-income residential corridor that features national credit tenants and major employers such as the Tarrant County, Tarrant County College, and Hurst Municipality. The low in-place rent, proven historical occupancy and rare, highly desirable hard corner location creates a unique opportunity to acquire infill real estate at an attractive price point in the nation's 4th largest (by population) metropolitan area.