Jiffy Lube
Jiffy Lube in Houston MSA | Corporate Backed | Absolute NNN
Marketing description
PROPERTY & LOCATION HIGHLIGHTS
Located in One of Houston’s Fastest-Growing and Most Affluent Submarkets
The property is strategically positioned in Cypress, one of the Houston MSA’s premier suburban growth markets, recognized for its exceptional population growth, affluent demographics, and continued residential expansion. Supported by nationally recognized master-planned communities including Bridgeland and Towne Lake, the area continues to attract new residents, businesses, and retail investment.
High-Visibility Location Along a Major Retail Corridor
Situated along Telge Road, the property benefits from approximately 28,600 vehicles per day and exceptional visibility at the signalized intersection of Telge Road and Jarvis Road, where the two roadways carry a combined traffic volume of more than 37,000 vehicles daily. The site offers convenient access to U.S. Highway 290 and SH 99 (Grand Parkway), providing excellent connectivity throughout Northwest Houston while capturing both commuter and local consumer traffic.
Affluent Demographics with Expanding Residential Base
The immediate trade area is characterized by high household incomes, exceptional homeownership, and continued residential development. More than 96,000 residents reside within a three-mile radius with an average household income approaching $139,000, providing a strong consumer base that supports long-term demand for automotive maintenance and neighborhood retail services.
Surrounded by National Retailers and Daily Traffic Drivers
The surrounding trade area is anchored by a strong concentration of national retailers including H-E-B, Kroger, Target, Walmart Supercenter, Lowe’s, Home Depot, Chick-fil-A, Starbucks, McDonald’s, Walgreens, CVS Pharmacy, and numerous daily-needs retailers, creating a highly established retail corridor that generates consistent consumer traffic and reinforces long-term demand for necessity-based businesses.
Positioned Within One of the Nation’s Strongest Metropolitan Economies
As part of the Houston MSA, the property benefits from one of the largest and most diversified economies in the United States. Continued population migration, employment growth, infrastructure investment, and business expansion provide a strong foundation for long-term retail demand and real estate appreciation.
Supported by Durable, Necessity-Based Demand
Routine vehicle maintenance remains an essential and recurring component of vehicle ownership. As vehicle ownership continues to grow and the average age of automobiles increases, demand for preventative maintenance services—including oil changes, inspections, battery replacement, and fluid services—continues to support stable operations and long-term tenant occupancy.
Investment highlights
The Offering
Constructed in 2020, the subject property consists of a modern 4,042-square-foot Jiffy Lube service facility situated on a 0.78-acre parcel along Telge Road in Cypress, Texas—one of the Houston MSA’s fastest-growing and most affluent suburban communities. Developed as a build-to-suit facility, the property occupies a highly visible signalized corner along Telge Road (28,600 VPD) at the intersection of Jarvis Road, where the surrounding roadway network carries more than 37,000 combined vehicles daily. The site benefits from convenient access to U.S. Highway 290, SH 99 (Grand Parkway), and Beltway 8, and is surrounded by affluent master-planned communities, nationally recognized retailers, healthcare providers, schools, and major employment centers.
The property is leased to Jiffy Lube, LLC under an Absolute NNN lease backed by a corporate guaranty, providing approximately 9.5 years of remaining lease term with zero landlord responsibilities. The lease features 10% rental increases every five years and five additional five-year renewal options, providing built-in income growth and long-term inflation protection. Backed by one of North America’s leading automotive service brands, the asset combines durable real estate fundamentals, exceptional visibility, and a necessity-based business model within one of the nation’s strongest metropolitan markets.
LEASE / TENANT HIGHLIGHTS
Corporate-Backed Long-Term Lease | Global Automotive Service Brand
The property is leased to Jiffy Lube, LLC, one of the most recognizable and established automotive preventive maintenance brands in North America. With more than 2,000 service centers and millions of customers served annually, Jiffy Lube has built decades of consumer trust through a business model centered on recurring, necessity-based vehicle maintenance services.
Absolute NNN Lease Structure
The lease is structured as an Absolute NNN lease, eliminating landlord responsibilities for maintenance, repairs, taxes, insurance, and operating expenses.
Attractive 10% Rent Increases Every Five Years
The lease features built-in 10% rental increases every five years throughout the base term and renewal option periods, providing investors with consistent income growth and long-term inflation protection.
Essential, Recession-Resistant Business Model
Routine vehicle maintenance remains a non-discretionary component of vehicle ownership. Jiffy Lube’s core services—including oil changes, fluid exchanges, tire rotations, battery replacement, and inspections—generate recurring customer demand regardless of broader economic conditions. As the average age of vehicles in the United States continues to increase, long-term demand for preventative automotive maintenance remains well positioned.
Prime Cypress Location
Located in one of Houston’s fastest-growing suburban markets, the property is surrounded by affluent residential neighborhoods, master-planned communities, national retailers, healthcare providers, and highly rated schools. Continued residential and commercial development throughout the Cypress trade area supports increasing consumer demand and reinforces the property’s long-term investment fundamentals essential to vehicle ownership and generate consistent consumer demand regardless of broader economic conditions.
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