Grease Monkey - Net Lease Property for Sale
Fort Collins, CO
Key Investment Metrics
Price
$1,425,850
Cap Rate
6.3%
Net Operating Income
$89,116
Building Size
1848 SF
Lot Size
1,848 SF
Land Area
0.34 Acres
Remaining Term
12.5 years
Lease Expiration
06/30/2038
Lease Term
15 years
Lease Commencement
06/29/2023
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1988
Occupancy
100%
Tenancy
Single
Rent Increases
3% Annually
About This Grease Monkey Net Lease Property
This Grease Monkey NNN (triple net lease) property is located in Fort Collins, CO and represents an excellent investment opportunity for commercial real estate investors. The property features 1848 square feet of building space and was built in 1988.
With a cap rate of 6.3%, this Grease Monkey net lease property offers stable income potential. The asking price is $1,425,850, 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.
Fort Collins, CO Market Overview
Located in Fort Collins, CO, this Grease Monkey property benefits from strong local demographics and market fundamentals. The Fort Collins area offers excellent visibility and accessibility, making it an ideal location for Grease Monkey operations and a solid investment for net lease property buyers.