Grease Monkey

Retail / Posted 3 months ago by Keith Sturm, Upland Real Estate Group, Inc. / 81 views

  • Price : $828,450
  • Cap Rate : 6%
  • Net Operating Income : $49,707
  • Tenant : Grease Monkey Midwest, LLC
  • Lease Type : NNN
  • Lease Term Remaining (Years) : 12
  • Building Size (SF) : 1,408
  • Land Area (Acres) : 0.23
  • Year Built : 2000

 12 Year NNN lease, with 10% rent increases every 5 years and four 5-year options.
 Grease Monkey International is the nation’s largest independent franchisor of automotive oil change centers serving more than 2 million customers each year.
 Area retailers include Walmart Supercenter, Brookshire Brothers, Tractor Supply Co., Dollar General, The Woodville Inn, Family Dollar, Jack in the Box, O’Reilly Auto parts, Citizens State Bank, Sonic Drive-in, Whataburger and many more.
 Traffic counts average over 7,200 vehicles daily on West Bluff Street near the property.
 Woodville is a town located deep in the Piney Woods of East Texas. The town is intersected by three U.S highways; 69, 190, and 287.The area is rich in natural resources including oil, gas, timber and an abundant water supply. Woodville offers a business climate conductive to success with a high quality lifestyle that is rich in heritage.

801 West Bluff StreetWoodville,Texas,75979

Keith Sturm
Upland Real Estate Group, Inc.

612-332-6600

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