Jiffy Lube Katy, TX

22525 Morton Creek Ranch Road
Katy, TX

Price: $3,178,000
Cap Rate: 5.35%
NOI: $170,000
Building Size: Approx. 3,303 Sq. Ft.
Lot Size: Approx. 0.7 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Service
Year Built: 2019

Investment Overview

  • 2019 Construction. 3,303+/- SF Building on .70+/- Acre Site
  • New 20-Year Corp, NNN w/ 10% Rent Bumps Every 5-Yrs
  • Located along Morton Ranch Rd (6K VPD) & Elrod Rd (6K VPD)
  • Just E of the Grand Pkwy Toll (24K VPD) – Houston’s 3rd Outer Loop
  • Adjacent to Aldi | Near Walmart SC, Kroger, Chick-fil-A, SBUX, Petco
  • Surrounded by multiple residential, commercial, & future business parks
  • Katy is a suburb of Houston located 20-Miles W of Downtown Houston
  • Local Economy: $21 Billion in Sales w/ 9K companies & 200 HQ’s
  • HQ’s in Katy: BP North America | Conoco | Academy Sports & Outdoors
  • 3-Mile Radius: 2018 Est Pop: 89,191 | 5-Mile Avg HH Income: $101,030
  • Greater Houston (MSA) | 6TH Largest in the U.S | Population: 6,892,427

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