14450 Hillcroft Ave - Auto Repair FOR SALE


Houston, TX 77085- Fondren Gardens
$2,340,000 USD
689-666-9560
14450 Hillcroft Ave, Houston, TX for Sale
$2,340,000 USD
Auto Repair - FOR SALE
1/4
null | 6.01% Cap Rate

14450 Hillcroft Ave
Houston, TX 77085
Fondren Gardens


HIGHLIGHTS

  • Power Center Outparcel
  • 128,000 VPD Toll Road Junction
  • Absolute NNN Corporate Guarantee

OVERVIEW

STNL.com is pleased to present this 100% fee-simple, Absolute NNN Jiffy Lube located in Houston, TX. Four reasons to own this property include: 1) Power Center Outparcel: Jiffy Lube occupies a 0.7-acre outparcel within a Home Depot-anchored shopping center on Sam Houston Tollway & Fort Bend Pkwy, a major toll road junction which sees over 128,000 VPD. Home Depot is the only home improvement store within a 3-mile radius, ensuring consistent shopper traffic in Jiffy Lube’s vicinity with an extended trade area from the Tollway junction. HCA Houston ER, within the same shopping center, serves as the only ER/Hospital for 6+ miles, demonstrating this shopping center’s importance to the 126,000 residents within 3 miles. 2) Corporate Owned Lease: This Jiffy Lube features a corporate Lease backed by Jiffy Lube International, Inc. Originally a franchised location, Jiffy Lube International took over the Lease in 2022 and exercised the first renewal option early, indicating the corporation’s confidence in this site for the foreseeable future. 3) Zero National Competition for 126,000 Residents: Jiffy Lube is the only national credit, quick service oil change location for 4+ miles. Within that radius sits a population of over 126,000 residents, 41,146 households, and 13 apartment complexes totaling 3,626 multi-family units, giving your Jiffy Lube an advantage of an uncontested consumer base. 4) Highly Rated Multicare: Your Jiffy Lube offers the brand’s trademark “Multicare” service. Multicare offerings include tires, brakes, suspension, state emissions inspections, battery tests/cleaning, minor engine maintenance, fluids, and exterior/glass work. These additional services ensure multiple sources of income for your Jiffy Lube and an advantage to compete with other local auto shops in the area, which is bolstered by an average rating of 4.6 stars and 930+ google reviews.

FOR SALE DETAILS

PRICE

$2,340,000 USD

PRICE/SF

$526 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

1278140010014

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.