Affluent Houston Area Jiffy Lube - Newer Prototype

18434 W Airport Blvd Richmond, TX 77407

18434 W Airport Blvd, Richmond, TX, 77407
18434 W Airport Blvd, Richmond, TX, 77407 18434 W Airport Blvd, Richmond, TX, 77407 18434 W Airport Blvd, Richmond, TX, 77407 18434 W Airport Blvd, Richmond, TX, 77407 18434 W Airport Blvd, Richmond, TX, 77407 18434 W Airport Blvd, Richmond, TX, 77407 18434 W Airport Blvd, Richmond, TX, 77407 18434 W Airport Blvd, Richmond, TX, 77407 18434 W Airport Blvd, Richmond, TX, 77407
FOR SALE
Property Type:
Free Standing Building
Amount:
$3,375,630
Last Verified:
Feb 16, 2024

Highlights

  • Absolute NNN Lease Jiffy Lube MultiCare
  • 11 Years Remaining on the Original Lease
  • Attractive 10% Rental Increases Every 5 Years Throughout the Lease
  • Corporately Guaranteed Lease - Jiffy Lube International (2,000+ Locations - Subsidiary of Shell Oil Company)
  • .90 Acre Parcel Near Intersection of W Airport Blvd and Grand Pkwy Toll Road With Combined Daily Traffic Counts Exceeding 56,000
  • Exploding Demographics - 230,000+ Residents Within 5 Miles of Subject Property
  • Affluent Area - Avg HH Incomes Near $130,000 Within 1 Mile

Description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire an absolute NNN Jiffy Lube in Richmond, TX. Attractive 10% rental increases every 5 years throughout the lease.

tbd


Year Built: 2019
Building Size: 3140sq ft
Lot Size: 0.92 acres


Documents

Offering Memorandum

Map of 18434 W Airport Blvd, Richmond, TX, 77407

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.