Jiffy Lube 5584 Walzem Road

San Antonio, TX



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.