Jiffy Lube Little Elm, TX

26623 E University Dr
Little Elm, TX

Price: $3,443,000
Cap Rate: 5.45%
NOI: $187,607
Building Size: Approx. 4,042 Sq. Ft.
Lot Size: Approx. 0.87 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Parts
Year Built: 2020

Investment Overview

  • 2020 Construction 4,042+/- SF Building on 0.87 +/- Acre Site
  • New Corporate Absolute NNN Lease with 10% rent increases every 5-years in primary terms and options
  • Strategically located along U.S. 380 and East University Dr. (46,000 VPD) in the northern part of Little Elm
  • 3-mile radius | 61k people and $123k average household income | 1,107% population increase from 2000 to 2020
  • Close proximity to major national credit tenants such as Walmart, Starbucks, Chick-Fil-A, ALDI and many more
  • Greater DFW Metroplex (MSA) | Population 7.5M+ | 4th largest city in the USA