Jiffy Lube

730 U.S. 175 Frontage Road, Kaufman, TX 75142

$3,404,000

Cap Rate 5.70%

Views: 38 DOM: 113 Updated: 03.03.24 Posted: 01.25.24 Status: Active

Summary

Price $3,404,000	Built/Renov 2024	Tenant Jiffy Lube
Cap Rate 5.70%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,166	Lease Start 04-15-2024	#Units 2,169
Price/SF $817.09	Expiration 03-31-2039	Tenant Type Automotive
NOI $194,000	R. Term 14.10	Ownership Fee Simple
Rent/SF $46.57	Increases 10.0%/5/yrs	Pop 5Mi 13,666
Lot/AC 1.21	Options 5/5yrs/10%	AHHI 5Mi $78,081

Lease Highlights

Brand new 2024 construction
Jiffy Lube will be executing a brand new 15-year lease with 5 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

This brand-new Jiffy Lube is strategically located with excellent access and visibility from US-175 which sees 28,011+ vehicles passing by daily. The property is surrounded by new commercial and residential construction which provides a direct consumer base from which to draw. Nearby national retailers include Walmart, Burger King, Starbucks, T-Mobile and many others, promoting strong...

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Key Features

New construction
Build to suit
Dense retail corridor
Freeway visibility
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Traded and rated company

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Links

Jiffy Lube Wikipedia Jiffy Lube Wikipedia Kaufman, Texas Zip Code 74142 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Jiffy Lube
Guarantor:Corp T and Rated
Company:Shell plc
# Units:2,169
Tenant S&P: A+
Moody’s: Aa2
Stock: NYSE: SHEL

About Tenant

Jiffy Lube International, Inc., dba Jiffy Lube, is an automotive service chain offering oil changes and various other services. Besides oil changes, Jiffy Lube facilities offer a wide range of...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Old Nacogdoches Trl	2021	188	0.14 mi
	High Country Ln	2021	45,634	0.17 mi
FM 741	Heartland Pkwy	2021	15,239	1.02 mi
Old Nacogdoches Trl	Mustang Run	2009	650	1.05 mi
Walnut Lane	Southerncross Trl	2021	17,807	1.37 mi
FM 740	Cimarron Trl	2021	14,778	1.39 mi
Live Oak Dr	Southerncross Trl	2004	310	1.42 mi
FM 2757	Sherwood Ln	2018	1,231	1.45 mi
FM 2757	Sherwood Ln	2020	1,100	1.45 mi
FM 2757	Overlook Ln	2021	1,605	1.45 mi

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

115 Listings
5182 Views
54 Sold

Bill Asher

Hanley Investment Group

Contact

117 Listings
5319 Views
50 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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