Jiffy Lube 5584 Walzem Road
San Antonio, TX
Status:
Sold
Close of Escrow: 11/23/2005
Market Time: 25 Days
Activity ID: M0020423
Year Built: 1984
Sale Price: $1,122,298
Price per Square Foot: $564.82
CAP Rate: 7.45%
Downpayment: $1,122,298 (100%)
Net Operating Income: $83,611
Rentable Square Feet: 1,987
Lot Size: 0.4457 Acres
Lease Type: Triple Net (NNN)
Lease Term: 20 Years
Lease Expiration Date: 9/30/2025
Increases: 7.7281% Every 5 Years
Options: 4 Five Year Options
Sales: $70+ Million (Pro Forma)
Net Worth: $3+ Million (Pro Forma)
Ownership: Private
No. of Locations: 105
The subject property will be NNN leased to Allied Lube, Inc. for 20 years with no management responsibilities. Third Largest Jiffy Lube Franchisee.
