Grease Monkey & Excel Car Wash NNN Property For Sale — Jasper, TX
464 vehicles per day on Highway, Jasper, TX 75951
This offering features a dual-branded Grease Monkey and Excel Car Wash property, strategically positioned with excellent visibility and access. The asset is subject to a corporate guaranteed triple net lease with over 8 years remaining, featuring built-in rental increases. The property, built in 2019, is comprised of a 2-bay oil change facility and an automated car wash. Neighboring national retailers enhance the location's appeal, drawing significant consumer traffic. The surrounding area boasts a strong demographic profile and is known for its recreational attractions, including a large lake that contributes to a consistent influx of visitors.
- Address: 464 vehicles per day on Highway, Jasper, TX 75951
- Asking price $2.34M
- 6.50% cap rate
- NOI $152,345
- 8 years remaining
- NNN lease
- Year built: 2019
- Building size: 5,396 SF
- Lot size: 0.73 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Grease Monkey & Excel Car Wash property is at 464 vehicles per day on Highway in Jasper, Texas.
Asset type: Retail