Grease Monkey - Net Lease Property for Sale
Pendleton, SC
Key Investment Metrics
Price
$1,317,943
Cap Rate
7.0%
Net Operating Income
$92,256
Building Size
2304 SF
Lot Size
2,304 SF
Land Area
0.51 Acres
Remaining Term
13.7 years
Lease Expiration
09/30/2039
Lease Term
15 years
Lease Commencement
10/01/2024
Lease Type
Absolute NNN
Year Built
2022
Occupancy
100%
Tenancy
Single
Rent Increases
2.5% Annual Increases in Years 1-5, Followed by 10% Every 5
About This Grease Monkey Net Lease Property
This Grease Monkey NNN (triple net lease) property is located in Pendleton, SC and represents an excellent investment opportunity for commercial real estate investors. The property features 2304 square feet of building space and was built in 2022.
With a cap rate of 7.0%, this Grease Monkey net lease property offers stable income potential. The asking price is $1,317,943, 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.
Pendleton, SC Market Overview
Located in Pendleton, SC, this Grease Monkey property benefits from strong local demographics and market fundamentals. The Pendleton area offers excellent visibility and accessibility, making it an ideal location for Grease Monkey operations and a solid investment for net lease property buyers.