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Auto Service - Gas-Conv

Minit Man Oil Change

5342 Kostoryz Rd, Corpus Christi, TX 78415

Listing Price: $2,439,000

Cap Rate
6.25%
Tenant Name
Minit Man
Years Remaining On Lease
14.5
Gross SF
1,688
Guarantor
Corporate Guarantee
Rentable SF
1,688
Price/Gross SF
$1,444.91
Lease Type
Absolute Net
Rent Per Square Feet
$90.28

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Minit Man Oil Change in Corpus Christi, Texas. The property consists of a 1,688-square foot, freestanding building that sits on approximately 0.22 acres of land. There are approximately 14.8 years remaining on the current lease term with 2 percent rental increases annually. The property has excellent access and visibility on Kostoryz Road, where traffic counts exceed 20,731 vehicles per day. The property also has easy access to South Padre Island Drive, a main route in Corpus Christi with 161,667 VPD. The area is extremely dense with more than 220,840 residents within a five-mile radius. Surrounding tenants in the immediate area include Tesla, AutoNation USA, Enterprise, CarQuest Auto Parts, McDonald’s, Jack in the Box, Wienerschnitzel and many more.

Investment Highlights

  • 15-Year Triple Net Lease with 2% Annual Rental Increases
  • Corporate Guarantee from Grease Monkey International, LLC, the the Largest Independent Franchisor of Automotive Oil Change Centers in the U.S.
  • Excellent Visibility on Kostoryz Road with Easy Access to South Padre Island Drive (Combined 161,667 VPD)
  • More than 220,840 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: $2,439,000

Cap Rate
6.25%
Tenant Name
Minit Man
Years Remaining On Lease
14.5
Gross SF
1,688
Guarantor
Corporate Guarantee
Rentable SF
1,688
Price/Gross SF
$1,444.91
Lease Type
Absolute Net
Rent Per Square Feet
$90.28

Investment Highlights

  • 15-Year Triple Net Lease with 2% Annual Rental Increases
  • Corporate Guarantee from Grease Monkey International, LLC, the the Largest Independent Franchisor of Automotive Oil Change Centers in the U.S.
  • Excellent Visibility on Kostoryz Road with Easy Access to South Padre Island Drive (Combined 161,667 VPD)
  • More than 220,840 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 & Millichap is pleased to present the opportunity to acquire an absolute net lease Minit Man Oil Change in Corpus Christi, Texas. The property consists of a 1,688-square foot, freestanding building that sits on approximately 0.22 acres of land. There are approximately 14.8 years remaining on the current lease term with 2 percent rental increases annually. The property has excellent access and visibility on Kostoryz Road, where traffic counts exceed 20,731 vehicles per day. The property also has easy access to South Padre Island Drive, a main route in Corpus Christi with 161,667 VPD. The area is extremely dense with more than 220,840 residents within a five-mile radius. Surrounding tenants in the immediate area include Tesla, AutoNation USA, Enterprise, CarQuest Auto Parts, McDonald’s, Jack in the Box, Wienerschnitzel and many more.

Exclusively Listed By

Financing By

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