12390 State Highway 29 Liberty Hill, TX 78642
- Auto shops
- 2,984 SF
- 1.00 lot acres
Current Use by Public Records
- Auto shops
Property Details for 12390 State Highway 29
- Year built
- 2024
- Lot size
- 1.00 lot acres
- Property size
- 2,984 SF
- Property type
- Auto shops
- APN
- R-15-5350-010A-0003C
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Liberty Hill
- County
- Williamson
- State
- Texas
- Longitude
- -97.89185653
- Latitude
- 30.65946057
