Current Use by Public Records
- Retail properties & Spaces
Property Details for 109 Fm 250
- Lot size
- 0.40 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 3,000 square foot Jiffy Lube Multicare center in Hughes Springs, Texas. The property boasts a 15-year absolute NNN lease, commencing January 1, 2023, and expiring January 1, 2038, with four 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property features a 6.15% cap rate and a strong NOI of $154,527. Built in 2023, this well-maintained building sits on a 0.4-acre lot at a high-traffic intersection, benefiting from excellent visibility and accessibility. The location is strategically positioned near several national retailers, including Dollar General, Dairy Queen, and Sonic, further enhancing its appeal. This Jiffy Lube location offers expanded services beyond standard oil changes, including brakes, battery, engine, fluids, and suspension work. The corporate guarantee provides significant tenant security. The property's prime location in East Texas, a growing region, and its association with a nationally recognized brand, make this a compelling investment opportunity with significant long-term potential. The asking price is $2,513,000, representing a price per square foot of $837.67. The property is currently 100% occupied. This is a rare chance to acquire a high-performing, low-maintenance investment property with a secure, long-term lease.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hughes Springs
- County
- Cass
- State
- Texas
- Longitude
- -94.6329
- Latitude
- 32.9975
