Avison Young is pleased to present the opportunity to acquire a Strickland Brothers 10 Minute Oil Change located at 15511 Farm to Market Road 529 in Houston, Texas. Constructed in 2022, the approximately 1,725-square-foot facility is situated on an oversized 0.84-acre parcel along the established FM 529 retail corridor in northwest Houston.
The property is subject to a long-term absolute NNN lease, providing ownership with a passive investment structure and no landlord responsibility for roof or structure. The lease extends through May 2038 and includes 10% rental increases every five years, along with four additional five-year renewal options featuring 10% increases. Current annual rent of $142,500 is scheduled to increase to $156,750 in 2028, providing an attractive near-term increase in investment yield.