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Minit Man Oil Change

5342 Kostoryz Rd, Corpus Christi, TX 78415

Listing Price: $2,172,287

Cap Rate
7.30%
Tenant Name
Minit Man Oil Change
Years Remaining On Lease
12.4
Gross SF
1,688
Guarantor
Corporate Guarantee
Rentable SF
1,688
Price/Gross SF
$1,286.90
Lease Type
Absolute Net
Rent Per Square Feet
$93.93

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a Minit Man Oil Change in Corpus Christi, Texas. The property consists of a 1,688-square-foot, freestanding building that sits on 0.22 acres of land. There are 12.5 years remaining on the current lease term and two, 5-year options remaining.

Investment Highlights

  • Absolute Net Lease with 12.5 Years Remaining
  • Attractive 2 Percent Annual Rental Increases
  • Corporate Guarantee from Grease Monkey International, LLC
  • Excellent Visibility on Kostoryz Road with Easy Access to South Padre Island Drive (Combined 161,667 VPD)
  • More than 217,154 Residents Within a Five-Mile Radius
  • Home to the Port of Corpus Christi, the Third-Largest Port in the U.S.
  • Near Texas A&M University-Corpus Christi Campus (12,174 Students Enrolled)

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Minit Man Oil Change

Listing Price: $2,172,287

Cap Rate
7.30%
Tenant Name
Minit Man Oil Change
Years Remaining On Lease
12.4
Gross SF
1,688
Guarantor
Corporate Guarantee
Rentable SF
1,688
Price/Gross SF
$1,286.90
Lease Type
Absolute Net
Rent Per Square Feet
$93.93

Investment Highlights

  • Absolute Net Lease with 12.5 Years Remaining
  • Attractive 2 Percent Annual Rental Increases
  • Corporate Guarantee from Grease Monkey International, LLC
  • Excellent Visibility on Kostoryz Road with Easy Access to South Padre Island Drive (Combined 161,667 VPD)
  • More than 217,154 Residents Within a Five-Mile Radius
  • Home to the Port of Corpus Christi, the Third-Largest Port in the U.S.
  • Near Texas A&M University-Corpus Christi Campus (12,174 Students Enrolled)

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a Minit Man Oil Change in Corpus Christi, Texas. The property consists of a 1,688-square-foot, freestanding building that sits on 0.22 acres of land. There are 12.5 years remaining on the current lease term and two, 5-year options remaining.

Exclusively Listed By

Financing By

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