For Sale
$4,290,000

12390 State Highway 29 Liberty Hill, TX 78642

Texas Auto Shop - Prime Location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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.

Highlights

  • $4,290,000 asking price for a Net Lease Jiffy Lube property.
  • Absolute NNN lease with a 15.1-year term, commencing November 30, 2024.
  • 2,984 square feet, located in Liberty Hill, TX, with a 5.51% cap rate and $236,250 NOI.
  • Brand new construction, 4-bay Multicare prototype, opening December 2024.
  • Located in a high-growth area with strong demographics (average annual income over $131,000).

Property Details for 12390 State Highway 29

Property type
Retail properties, Auto shops
Square Feet
2,984 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Liberty Hill
County
Williamson
State
Texas
Latitude
30.65946057
Longitude
-97.89185653

FAQs

What type of property is this?
Retail property - Texas Auto Shop - Prime Location
Where is the retail property located?
The property is located at 12390 State Highway 29 Liberty Hill, TX.
What is the asking price?
The asking price for this property is $4,290,000.
What are key features of this property?
This property features: $4,290,000 asking price for a Net Lease Jiffy Lube property.; Absolute NNN lease with a 15.1-year term, commencing November 30, 2024.; 2,984 square feet, located in Liberty Hill, TX, with a 5.51% cap rate and $236,250 NOI.
How can I contact the broker?
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12390 State Highway 29
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