Grease Monkey & Excel Car Wash

$2,343,774

115 East Gibson Street, Jasper, TX 75951

For Sale

Retail Other

Active

Last Updated: 12/31/2024

Details:

Cap Rate: 6.5%

NOI: $152,345

Building Size: 5,396 sqft

Lot Area: 0.732 acres

Lease Type: Triple Net

Year Built: 2019

Tenancy: Single

Highlights:

This Grease Monkey/ Excel Car Wash is on a corporate Triple Net lease with 8+ years remaining and 10% increases every 5 years.
The property consists of a 2-bay oil change building and car wash.
Traffic counts average 18,464 vehicles per day on Highway 190, while Highway 96 averages 14,267 vehicles per day.
Nearby retailers include Walmart, Lowes, Ashley Furniture, Dollar Tree, McDonald’s, Walgreens, O’Reilly Auto Parts, and more.
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® brand currently has more than 340 centers operating in the United States, Mexico, China, Saudi Arabia, and Colombia.
Demographics include a 5-mile population of 10,245 and average household income of $70,864.

Description:

This Grease Monkey property is located along Highway 190 where traffic counts average 18,464 vehicles per day, while Highway 96 averages 14,267 vehicles per day. Nearby retailers include Walmart, Lowes, Ashley Furniture, Dollar Tree, McDonald’s, Walgreens, O’Reilly Auto Parts, and more.