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524 Pan American Dr, Harker Heights, TX, 76548

Jiffy Lube
$1,383,000

Key Information

Cap Rate
5.35%
Tot. SF
2,100
Lot Size
0.45 Acres
Year Built
2000
Term Remaining
± 12 Years
Type
Retail
Occupancy
100%
NOI
$74,000

Highlights

  • Listed for $1,383,000 yielding a cap rate of 5.35%.
  • Abs. NNN Lease offers a passive ownership structure for any investor.
  • Team Car Care is the #1 Jiffy Lube Operator in the country with 400+ locations providing security of income.
  • Rent Increases – 10% increases every 5 years provide an effective hedge against inflation, preserving and growing income over the lease term.
  • Long Term Lease of 12+ years provides strong security of income.
  • Harker Heights, TX – A fast-growing Central Texas market anchored by Fort Cavazos (one of the largest U.S. Army installations in the country), providing a stable, recession-resistant consumer base with consistent demand for essential automotive services.
  • Ecommerce & Recession-Proof Investment – Quick lube is an essential, in-person automotive service not replicable online and historically resilient across economic cycles.
  • Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule. Consult your tax or accounting professional for more information.
  • Income Tax-Free State of Texas.
  • Recent Lease Extension & Long-Term Operating History demonstrate tenant’s commitment to the location
  • Cheaper Rent compared to Jiffy Lube’s national average improves the tenant’s profitability and likelihood of renewal.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204