12390 State Highway 29Liberty Hill, TX 78642

Property Details for 12390 State Highway 29

Year built

2024

Lot size

1.00 AC

Property size (Sq ft)

2,984 SF

Property type

Retail properties

Property subtype

Auto shops

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.

Location Insight

City

Liberty Hill

County

Williamson

State

Texas

Latitude

30.6595

Longitude

-97.8919

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