Jiffy Lube NNN Property For Sale — Houston, TX
This Jiffy Lube property offers an exceptional investment opportunity with a long-term absolute NNN lease. The tenant, a subsidiary of the third-largest Jiffy Lube franchisee with over 85 locations, provides stable and dependable cash flow. The lease features attractive 10% rental increases every five years, offering a strong hedge against inflation. Located on Gessner Drive in Houston's rapidly redeveloping Spring Branch area, the property benefits from high traffic counts and a dense surrounding population. Jiffy Lube is a nationally recognized, recession-resistant brand known for its quick oil change services and a network of over 2,200 locations across North America. The Houston market is a dynamic and growing city, recognized as one of the fastest-growing in the U.S., with a diverse…
- Asking price $1.65M
- 5.75% cap rate
- NOI $94,892
- 7.1 years remaining
- NNN lease
Asset type: NNN