Grease Monkey & Excel Car Wash

115 & 119 East Gibson St, Jasper, TX

$2,343,774

Price

6.5%

Cap Rate

$152,345.30

NOI

Overview
Cap Rate
6.5%
NOI
$152,345.30
Building Size
5,396 sqft
Lot Area
0.732 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
2003 / 2018
Price Per Sqft
$434.35
Tenancy
Single
Lease Expire Year
10/31/2033
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.

Highlights
  • This Grease Monkey/ Excel Car Wash is on a corporate Triple Net lease with 9 years and 8 months 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 9,616 and average household income of $67,777.
  • Jasper, Texas known as the “Jewel of the Forest,” is located in a county seat of Jasper county. North of Jasper is home to Sam Rayburn Lake, which is the largest lake in Texas at 114,500 acres and over 750 miles of shoreline. This lake has consistently been ranked in the Top 10 fishing lakes in the nation.
Documents
Title
Grease_Monkey_-_Jasper__TX_MP.pdf
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Location
Gallery