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    1514 W Henderson St Cleburne, TX 76033

    For Sale
    $2,173,913

    NNN leased Take 5 Oil Change with corporate guarantee.

    Property size:
    1,682 SF
    Lot size:
    0.96 Acres

    Property Features for 1514 W Henderson St

    General Information

    Size
    1,682 SF
    Lot size
    0.96 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Cleburne Retail Investment Property

    This commercial property, located at 1514 West Henderson Street in Cleburne, Texas, is offered for sale. It features a 1,682-square-foot building situated on an estimated 0.78-acre parcel. The property is currently leased to Take 5 Oil Change under a 20-year absolute triple-net (NNN) lease, which commenced at the close of escrow. The lease provides for a corporate guarantee from Driven Funding Holdco, LLC, which operates over 3,500 units. The current annual rent is $125,000, with scheduled increases of 1.50% annually starting in year 2. The lease also includes four, five-year renewal options for the tenant.
    Insight Report Location Intelligence

    Current Use by Public Records

    Johnson County ProNet Professional And Hobby Associations

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Matt's Garage, Take 5 Oil Change, Firestone Complete Auto Care, State Inspection, The Tread Company

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.410734
    Latitude
    32.340946

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    FAQs

    What type of property is this?
    Auto shop - NNN leased Take 5 Oil Change with corporate guarantee.
    Where is this auto shop located?
    The property is located at 1514 W Henderson St Cleburne, TX.
    What is the asking price?
    The asking price for this property is $2,173,913.
    What are key features of this property?
    This property features: - 20-year absolute triple-net (NNN) lease provides a long-term, passive income stream.; - Corporate guarantee from Driven Funding Holdco, LLC, a large operator with 3,500+ units, ensures financial stability.; - Annual rental increases of 1.50% starting in year 2 provide a hedge against inflation and increase ROI.
    (332) 345-2408
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    1514 W Henderson St Cleburne, TX 76033
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    Cleburne, TX 76033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1514 W Henderson St Cleburne, TX 76033
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