Grease Monkey - Woodville, TX

Auto Stores / Posted 5 months ago by Keith Sturm, Upland Real Estate Group, Inc. / 108 views

  • Price : $828,450
  • Cap Rate : 6.00%
  • Net Operating Income : $49,707
  • Tenant : Grease Monkey
  • Lease Type : NNN
  • Lease Term Remaining (Years) : 16 years
  • Building Size (SF) : 1,408
  • Land Area (SF) : 10,018
  • Year Built : 2000

This is an excellent opportunity to purchase an investment property for $828,450 at 6.00% cap rate, with a new 15 year lease. This lease includes 10% rent increases every 5 years, and in each of the four 5-year renewal options. Grease Monkey International is the nation’s largest independent franchisor of automotive oil change centers serving more than 2 million customers each year.

Grease Monkey is located on West Bluff Street in Woodville, Texas. Traffic counts average 7,203 vehicles daily on West Bluff Street near the property. Traffic counts average over 12,000 vehicles daily on South Magnolia Street, east of the property. 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. This property less than a half mile east of Tyler County Hospital, a 49 bed acute care hospital. 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. Woodville offers a business climate conductive to success with a high quality lifestyle that is rich in heritage. Boating, fishing, camping, seasonal hunting and other outdoor actives are available year–round due to the mid climate, piney woods, lakes and proximity to the gulf coast.

Keith A. Sturm, CCIM | 612.376.4488 |
Amanda C. Leathers | 612.436.0045 |
Deborah K. Vannelli, CCIM | 612.376.4475 |

801 West Bluff StreetWoodville,Texas,75979

Keith Sturm
Upland Real Estate Group, Inc.