Jiffy Lube NNN Property For Sale — Houston, TX
1619 Gessner Rd., Houston, TX 77080
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…
- Address: 1619 Gessner Rd., Houston, TX 77080
- Asking price $1.65M
- 5.75% cap rate
- NOI $94,892
- 7.1 years remaining
- NNN lease
- Year built: 1986
- Building size: 2,025 SF
- Lot size: 0.38 acres
- Lease expiration: Sep 30, 2033
- Rent increases: 10/1/2023-9/30/2028: $104,380.65 (6.33% Cap); 10/1/2028-9/30/2033: $114,818.72 (6.96% Cap); Option 1: $126,300.59 (7.65% Cap); Option 2: $138,930.65 (8.42% Cap); …
- Guarantor: Corporate
Location
This Jiffy Lube property is at 1619 Gessner Rd. in Houston, Texas.
Asset type: NNN