Jiffy Lube

Other Retail / Posted 2 months ago by Keith Sturm, Upland Real Estate Group, Inc. / 48 views

  • Price : $2,327,600
  • Cap Rate : 5.80%
  • Net Operating Income : $135,000
  • Tenant : Allied Lube Texas, L.P.
  • Lease Type : NNN
  • Lease Term Remaining (Years) : 15 Years
  • Building Size (SF) : 1,421
  • Land Area (Acres) : 0.12
  • Year Built : 1985

This Jiffy Lube is located on North Frazier Street, traffic counts average over 14,000 vehicles per day. Conroe is a city in Texas and is the seat of Montgomery County and a principal city in the Houston– The Woodlands—Sugar Land metropolitan area. It is about 40 miles north of Houston. Conroe is basking in the national spotlight of being recognized as the fastest-growing U.S. city with a population of at least 50,000. With all those extra people moving in, the bureau puts Conroe’s growth rate at more than 11 times of the rest of the other cities across the nation. “Quality of life is what brings people to Conroe,” Mayor Toby Powell said in announcing the news during the opening of Thursday’s City Council meeting. Conroe’s population spurt continues a trend of strong growth for the city, spurred in part as companies also move in, opening and expanding their business. Helping to drive Conroe’s growth is the number of new businesses that have opened or expanded recently in the city, drawing people both to live in Conroe, or at least drive into the city to work.

1301 N Frazier StConroe,Texas,77301

Keith Sturm
Upland Real Estate Group, Inc.

612-332-6600

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