Grease Monkey - Net Lease Property for Sale
Lubbock, TX
Key Investment Metrics
Price
$2,480,000
Cap Rate
6.3%
Net Operating Income
$155,000
Building Size
6780 SF
Lot Size
6,780 SF
Land Area
1.64 Acres
Remaining Term
15 years
Lease Term
15 years
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2017
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Grease Monkey Net Lease Property
This Grease Monkey NNN (triple net lease) property is located in Lubbock, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 6780 square feet of building space and was built in 2017.
With a cap rate of 6.3%, this Grease Monkey net lease property offers stable income potential. The asking price is $2,480,000, 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.
Lubbock, TX Market Overview
Located in Lubbock, TX, this Grease Monkey property benefits from strong local demographics and market fundamentals. The Lubbock area offers excellent visibility and accessibility, making it an ideal location for Grease Monkey operations and a solid investment for net lease property buyers.