2350 S Dairy Ashford Rd
Houston, TX 77077
Absolute NNN Jiffy Lube | 7.00% Cap · Retail Property For Sale

ATTRACTIVE LONG TERM ABSOLUTE NNN LEASE STRUCTURE • Stable Lease – ± 7.5 Years remaining with Four (4), 5-Year extensions • Absolute NNN Lease – Tenant takes care of all responsibilities including property tax, building insurance, and all maintenance including roof & structure • Growing Cash Flow – 7.73% increases Every 5 Years and provide an excellent hedge against inflation! STRONG REAL ESTATE FUNDAMENTALS & DEMOGRAPHICS • Average HH Income greater than $80,000 within 1, 3 and 5-mile radii • 9.27% Projected Growth 2017-2022 • Traffic Counts: 35,000+ Cars Per Day • Population: 1-Mile 26,500 | 3-Mile 176,426 | 5-Mile 412,102 EXCELLENT TENANT, ALLIED CORPORATE GUARANTY & E-COMMERCE RESISTANCE • Nationally Recognized Tenant – Jiffy Lube is the premier quick oil change company in the US with ± 2,200 locations • High Growth Operator – Allied Lube was recognized as Jiffy Lube’s 2017 Franchisee of the Year with 100+ locations in Texas • Service-Based Tenants – Landlords’ highest degree of protection against a retail market that is shifting toward e-commerce when possible JIFFY LUBE A leading provider of oil changes and a subsidiary of Shell Oil Company, Jiffy Lube boasts more than 2,100 outlets led throughout North America that are all independently owned by operators. Besides oil changes, Jiffy Lube facilities provide maintenance services for air conditioning, fuel systems and transmissions. At some of its locations, it also performs inspections, emissions testing, repairs windshields, and rotates tires. Serving about 22 million customers annually, Jiffy Lube caters to several fleet management firms such as Donlen, Emkay, Voyager and PHH. Heartland Automotive Services, Inc. is a franchisee company that operates over 530 Jiffy Lube locations in the United States. HOUSTON, TEXAS The city of Houston, Texas is located in southeastern part of the state near the Gulf of Mexico. It is the most populous city in Texas and the fourth most populous city in the United States. Known as the Bayou City for its waterway system, Houston thrives because it is a great place to work and a great place to live. Alive with energy and rich in diversity, Houston is a dynamic mix of imagination, talent and first-class attractions that makes it a world-class city. It exudes a cosmopolitan and down-home vibe while being nicknamed the “Space City”. With more than 2.2 million residents, Houston attracts visitors and transplants with a wonderful mix of world-class arts, booming business, pro sports and award-winning cuisine.