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Auto Service - Gas-Conv

Grease Monkey

315 Broad St, Manchester, CT 06040

Listing Price: $2,183,934

Cap Rate
5.75%
Tenant Name
Grease Monkey
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
2,640
Lease Type
Absolute Net
Rent Per Square Feet
$47.57

Investment Overview

TOP 5 PERFORMING STORE IN 500+ SYSTEM LONG OPERATING HISTORY - 40+ YEARS EXPERIENCE 15 YEAR ABSOLUTE TRIPLE NET (NNN) LEASE CORPORATE GUARANTEED 12 YEARS REMAINING FROM LEASE SUCCESSFUL BUSINESS MODEL HIGH MARGIN & LOW OVERHEAD EXPENSES DENSE TRADE AREA SURROUNDED BY NATIONALLY RECOGNIZED TENANTS

Investment Highlights

  • TOP 5 PERFORMING STORE IN 500+ SYSTEM | LONG OPERATING HISTORY | 40+ YEARS EXPERIENCE
  • 15 YEAR ABSOLUTE TRIPLE NET (NNN) LEASE | CORPORATE GUARANTEED | 12 YEARS REMAINING FROM LEASE
  • SUCCESSFUL BUSINESS MODEL | HIGH MARGIN & LOW OVERHEAD EXPENSES
  • AUTOMOTIVE CORRIDOR | DENSE TRADE AREA SURROUNDED BY NATIONALLY RECOGNIZED TENANTS
  • Attractive Rental Structure of 10% Increases every 5 years, providing a hedge against inflation.
  • Oil change services revenue has grown at an annual growth rate of 5.0% to $10.6 billion over the past five years
  • Subject Property is Adjacent a Large Shopping Center and many national retailers such as; Planet Fitness, Dollar Tree, Sally Beauty, Stop and Shop, CVS, Wendy's, Family Dollar, Save a lot, Auto Zone, McDonalds, Bank of America, DTLR, Rainbow and more.

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Grease Monkey

Listing Price: $2,183,934

Cap Rate
5.75%
Tenant Name
Grease Monkey
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
2,640
Lease Type
Absolute Net
Rent Per Square Feet
$47.57

Investment Highlights

  • TOP 5 PERFORMING STORE IN 500+ SYSTEM | LONG OPERATING HISTORY | 40+ YEARS EXPERIENCE
  • 15 YEAR ABSOLUTE TRIPLE NET (NNN) LEASE | CORPORATE GUARANTEED | 12 YEARS REMAINING FROM LEASE
  • SUCCESSFUL BUSINESS MODEL | HIGH MARGIN & LOW OVERHEAD EXPENSES
  • AUTOMOTIVE CORRIDOR | DENSE TRADE AREA SURROUNDED BY NATIONALLY RECOGNIZED TENANTS
  • Attractive Rental Structure of 10% Increases every 5 years, providing a hedge against inflation.
  • Oil change services revenue has grown at an annual growth rate of 5.0% to $10.6 billion over the past five years
  • Subject Property is Adjacent a Large Shopping Center and many national retailers such as; Planet Fitness, Dollar Tree, Sally Beauty, Stop and Shop, CVS, Wendy's, Family Dollar, Save a lot, Auto Zone, McDonalds, Bank of America, DTLR, Rainbow and more.

Investment Overview

TOP 5 PERFORMING STORE IN 500+ SYSTEM LONG OPERATING HISTORY - 40+ YEARS EXPERIENCE 15 YEAR ABSOLUTE TRIPLE NET (NNN) LEASE CORPORATE GUARANTEED 12 YEARS REMAINING FROM LEASE SUCCESSFUL BUSINESS MODEL HIGH MARGIN & LOW OVERHEAD EXPENSES DENSE TRADE AREA SURROUNDED BY NATIONALLY RECOGNIZED TENANTS

Exclusively Listed By

Financing By

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