12390 State Highway 29Liberty Hill, TX 78642

For Sale
$4,290,000

Texas Auto Shop - Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, single-tenant, 2,984 square foot Jiffy Lube located in Liberty Hill, Texas. The property boasts a 15.1-year absolute NNN lease commencing November 30, 2024, and expiring December 31, 2039, with a 10% rent increase every five years. The current net operating income (NOI) is $236,250, yielding a 5.51% cap rate. Situated on approximately one acre of land with 20 parking spaces, this Class A building features a prime location on Highway 29, a high-traffic corridor with over 28,000 vehicles daily. The property benefits from strong surrounding demographics, including an average annual income exceeding $131,000, and is part of a thriving retail auto mall with national co-tenants like Caliber Collision, AutoZone, Brakes Plus, and Valero. The property is zoned C and includes a 4-bay Multicare prototype design. This is a rare opportunity to acquire a high-performing, long-term net lease investment in one of the fastest-growing markets in the United States. The asking price is $4,290,000, representing a price per square foot of $1,437.67. The lease includes four, five-year renewal options. The property's APN is R-15-5350-010A-0003C.

Highlights

  • $4,290,000 asking price for a Net Lease Jiffy Lube property.
  • Absolute NNN lease with a 15.1-year term, commencing November 30, 2024.
  • 2,984 square feet, located in Liberty Hill, TX, with a 5.51% cap rate and $236,250 NOI.
  • Brand new construction, 4-bay Multicare prototype, opening December 2024.
  • Located in a high-growth area with strong demographics (average annual income over $131,000).

Property Details for 12390 State Highway 29

Property type
Other retail properties, Automotive properties
Square Feet
2,984 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Liberty Hill
County
Williamson
State
Texas
Latitude
30.65946057
Longitude
-97.89185653
12390 State Highway 29, Liberty Hill, Texas

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12390 State Highway 29
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