Description for
13000 W Parmer LnCedar Park, TX 78613
Incredible investment opportunity or 1031 Exchange! This 3 bay Jiffy Lube is one of the highest volumes in the Austin area in one of the highest commercial growth areas in Williamson County. The lease is with the largest Jiffy Lube franchise in the U.S. with over 435 locations nationwide. The lease began in 2004 and has escalations every five years through 2024 with a twenty year option to renew with escalating options every five years. CAP rate is 6.3% at current lease and 7.1% lifetime.
Price
$1,999,900
Parmer Lane Village
Williamson
3839071
Active
Description
Incredible investment opportunity or 1031 Exchange! This 3 bay Jiffy Lube is one of the highest volumes in the Austin area in one of the highest commercial growth areas in Williamson County. The lease is with the largest Jiffy Lube franchise in the U.S. with over 435 locations nationwide. The lease began in 2004 and has escalations every five years through 2024 with a twenty year option to renew with escalating options every five years. CAP rate is 6.3% at current lease and 7.1% lifetime.
Listing Information
Property Type: Retail
Parmer Lane Village
City
City Sewer
Electric
Neighborhood
Room Information
Exterior / Lot Features
13 Parking Spaces,On Site
None
Road: Concrete
Driving Directions
Mopac North to Parmer Lane; West to corner of Parmer Lane and 1431 in Cedar Park
Financial Considerations
17W340400A0005B007
$24,146
Listing Price History
Cedar Park Real Estate
Cedar Park is located in Texas.
Cedar Park, Texas 78613 has a population of
48,937.
The median household income in Cedar Park, Texas 78613 is
$73,903.
The median household income for the surrounding county is $67,654
compared to the national median of $50,935.
The median age of people living in Cedar Park 78613 is
33.3 years.
This information is gathered from public record data.
This information is gathered from public record data.
