Jiffy Lube - Harker Heights, TX
#1 Jiffy Lube Operator (400+) | 12+ Years Remaining | Cheap Rent
Marketing description
Matthews™ is pleased to present its latest Jiffy Lube listing located at 524 Pan American Dr in Harker Heights, TX 76548. This property is listed at $1,383,000, offering a 5.35% cap rate. With a recent lease extension demonstrating long-term commitment from the tenant, Team Car Care (400+), the largest Jiffy Lube operator in the country, this investment also features 10% rent increases every 5 years to provide an effective hedge against inflation. The location benefits from a stable, recession-resistant consumer base anchored by Fort Cavazos — one of the largest U.S. Army installations in the country — driving consistent demand for essential automotive services. The lease is absolute NNN with zero landlord responsibilities. With heavy traffic volume of approximately 53,000 vehicles per day, the property enjoys outstanding visibility and accessibility, while below-market rent compared to Jiffy Lube's national average further improves tenant profitability and likelihood of renewal.
Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule. Consult your tax or accounting professional for more information.
AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO. Other property: 4233 S 31st St, Temple, TX 76502 here.
Investment highlights
- Listed for $1,383,000 yielding a cap rate of 5.35%.
- Abs. NNN Lease offers a passive ownership structure for any investor.
- Team Car Care is the #1 Jiffy Lube Operator in the country with 400+ locations providing security of income.
- Rent Increases – 10% increases every 5 years provide an effective hedge against inflation, preserving and growing income over the lease term.
- Long Term Lease of 12+ Years provides strong security of income.
- Harker Heights, TX – A fast-growing Central Texas market anchored by Fort Cavazos (one of the largest U.S. Army installations in the country), providing a stable, recession-resistant consumer base with consistent demand for essential automotive services.
- Ecommerce & Recession-Proof Investment – Quick lube is an essential, in-person automotive service not replicable online and historically resilient across economic cycles.
- Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule. Consult your tax or accounting professional for more information.
- Income Tax-Free State of Texas.
- Recent Lease Extension & Long-Term Operating History demonstrate tenant's commitment to the location
- Cheaper Rent compared to Jiffy Lube's national average improves the tenant's profitability and likelihood of renewal.
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