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Auto Service - Gas-Conv

SpeeDee Oil Change and Auto Service

3015 N U.S. Hwy 281, Marble Falls, TX 78654

Listing Price: $3,611,000

Cap Rate
5.65%
Tenant Name
SpeeDee Oil Change and Auto Service
Years Remaining On Lease
9.1
Gross SF
6,250
Guarantor
Corporate Guarantee
Rentable SF
6,250
Price/Gross SF
$577.76
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.64

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease SpeeDee Oil Change and Auto Service in Marble Falls, TX. The property consists of a 6,250-square-foot, freestanding building that sits on approximately 1.68 acres of land. There are approximately 9.3 years remaining on the current lease term, with annual two percent rental escalations starting in the sixth year. The property has excellent access and visibility on U.S. Route 281, where traffic counts exceed 19,052 vehicles per day. The population has increased by 42.65% within a five-mile radius since 2000. Surrounding retailers in the immediate area include Walmart Supercenter, Lowe’s, Harbor Freight, H-E-B, Ross Dress for Less, Chick-fil-A, Discount Tire, Goodwill, Verizon, Schlotzsky’s, Tuesday Morning, Tractor Supply and Panda Express and many more.

Investment Highlights

  • Triple-Net Lease with Approximately 9.3 Years Remaining
  • Corporate Guarantee from Mid Ocean Partners Limited Partnership
  • Established Brand with 165 Locations - Subsidiary of Grease Monkey International, LLC
  • Attractive Annual 2% Rental Escalations Starting in the Sixth Lease Year
  • Texas Hill Country Location – Near Horseshoe Bay Resort and Seven Golf Courses (10-Mile Radius)
  • Affluent Austin Submarket - Less than One Hour Drive from Downtown Austin
  • Excellent Access and Visibility on U.S. Route 281, a Main City Thoroughfare (19,052 VPD)
  • Large 1.68 Parcel with Ample Parking and Multiple Access Points

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

SpeeDee Oil Change and Auto Service

Listing Price: $3,611,000

Cap Rate
5.65%
Tenant Name
SpeeDee Oil Change and Auto Service
Years Remaining On Lease
9.1
Gross SF
6,250
Guarantor
Corporate Guarantee
Rentable SF
6,250
Price/Gross SF
$577.76
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.64

Investment Highlights

  • Triple-Net Lease with Approximately 9.3 Years Remaining
  • Corporate Guarantee from Mid Ocean Partners Limited Partnership
  • Established Brand with 165 Locations - Subsidiary of Grease Monkey International, LLC
  • Attractive Annual 2% Rental Escalations Starting in the Sixth Lease Year
  • Texas Hill Country Location – Near Horseshoe Bay Resort and Seven Golf Courses (10-Mile Radius)
  • Affluent Austin Submarket - Less than One Hour Drive from Downtown Austin
  • Excellent Access and Visibility on U.S. Route 281, a Main City Thoroughfare (19,052 VPD)
  • Large 1.68 Parcel with Ample Parking and Multiple Access Points

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease SpeeDee Oil Change and Auto Service in Marble Falls, TX. The property consists of a 6,250-square-foot, freestanding building that sits on approximately 1.68 acres of land. There are approximately 9.3 years remaining on the current lease term, with annual two percent rental escalations starting in the sixth year. The property has excellent access and visibility on U.S. Route 281, where traffic counts exceed 19,052 vehicles per day. The population has increased by 42.65% within a five-mile radius since 2000. Surrounding retailers in the immediate area include Walmart Supercenter, Lowe’s, Harbor Freight, H-E-B, Ross Dress for Less, Chick-fil-A, Discount Tire, Goodwill, Verizon, Schlotzsky’s, Tuesday Morning, Tractor Supply and Panda Express and many more.

Exclusively Listed By

Financing By

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