Grease Monkey | Excel Car Wash

115 East Gibson Street, Jasper, TX 75951

$2,343,774

Cap Rate 6.50%

Views: 120 Updated: 08.21.24 Posted: 11.22.23 Status: Inactive 08.21.24

Summary

Price $2,343,774	Built/Renov 2018	Tenant Grease Monkey \| Excel Car Wash
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,396	Lease Start 10-05-2018	#Units 494
Price/SF $434.35	Expiration 10-31-2033	Tenant Type Automotive
NOI $152,345	R. Term 8.11	Ownership Fee Simple
Rent/SF $28.23	Increases 10.0%/5/yrs	Pop 5Mi 9,616
Lot/AC 0.73	Options 4/5yrs/10%	AHHI 5Mi $67,777

Lease Highlights

Grease Monkey | Excel Car Wash has 9+ years of primary term remaining with 4 (5-year) options to extend
The lease features 10% rent increases every 5 years
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Grease Monkey is strategically located along Highway 190 ( East Gibson Street) with access to 18,464 vehicles per day. The site benefits from its location along a dense retail corridor with neighboring national/credit tenants including McDonalds, Burger King, Walgreens, Dollar Tree, AutoZone and many others. The 5-mile trade area is supported by 9,616 residents earning an average annual income...

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Key Features

Build to suit
In location for years
Dense retail corridor
Near major nationals
Strategically located
Highway location
Income tax free state
Long operation history
Absolute NNN
Corporate Guarantee

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Links

Grease Monkey | Excel Car Wash Wikipedia Grease Monkey Wikipedia Jasper, Texas Zip Code 75951 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Grease Monkey | Excel Car Wash
Guarantor:Corporate
Company:FullSpeed Automotive
# Units:494
Stock:Private

About Tenant

Grease Monkey International Inc., dba Grease Monkey, is the nation’s largest independent franchisor of automotive oil change centers. The company offers full-service oil changes, preventive...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,592	7,755	9,475
2023 Total Population :	2,617	7,848	9,616
2023 Employed Civilian Pop :	1,042	3,275	3,987
2023 Total Businesses :	440	632	673
2023 Average Household Income :	$ 50,464	$ 61,117	$ 67,777
2023 Total Consumer Spending :	$ 45 M	$ 168 M	$ 227 M
2023 Median Age :	33	38	39
2023 Total Households :	1,011	3,121	3,792
2023 Pop Age 25+: Bachelor's Degree :	108	619	751
2023 Average Home Value :	$ 115,281	$ 155,907	$ 161,520

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Bowie St	Nelson St	2011	540	0.16 mi
E Gibson St	S Wheeler St	2013	17,760	0.19 mi
	E Gibson St	2021	18,299	0.21 mi
South Wheeler Street	Mays St	2021	20,830	0.24 mi
Nelson St	S Wheeler St	2011	550	0.27 mi
S Wheeler St	State St	2013	14,267	0.28 mi
	Graham St	2021	10,390	0.30 mi
Curtis	Caldwell St	2011	960	0.42 mi
Bulldog Ave	S Wheeler St	2011	2,490	0.62 mi
Kyle Dr	E Gibson St	2011	20	0.63 mi

Listing Broker

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

68 Listings
6231 Views
10 Sold

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

68 Listings
6231 Views
10 Sold

Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Keith Sturm

Upland Real Estate Group, Inc.

Contact

68 Listings
6231 Views
10 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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