Grease Monkey - Net Lease Property for Sale
Eau Claire, WI
Key Investment Metrics
Price
$914,646
Cap Rate
6.3%
Net Operating Income
$58,080
Building Size
5817 SF
Lot Size
5,817 SF
Land Area
0.72 Acres
Remaining Term
10.3 years
Lease Expiration
04/30/2036
Lease Term
15.1 years
Lease Commencement
04/15/2021
Lease Type
NNN
Year Built
1987
Occupancy
100%
Tenancy
Single
About This Grease Monkey Net Lease Property
This Grease Monkey NNN (triple net lease) property is located in Eau Claire, WI and represents an excellent investment opportunity for commercial real estate investors. The property features 5817 square feet of building space and was built in 1987.
With a cap rate of 6.3%, this Grease Monkey net lease property offers stable income potential. The asking price is $914,646, making it an attractive option for 1031 exchange investors seeking quality Grease Monkey commercial properties.
Why Invest in Grease Monkey NNN Properties?
- Stable Income: Grease Monkey net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Grease Monkey is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Eau Claire, WI Market Overview
Located in Eau Claire, WI, this Grease Monkey property benefits from strong local demographics and market fundamentals. The Eau Claire area offers excellent visibility and accessibility, making it an ideal location for Grease Monkey operations and a solid investment for net lease property buyers.