Skip to main content

Auto Service - Gas-Conv

Minit Man Oil Change

2610 TX-35 BUS, Rockport, TX 78382

Listing Price: $2,249,000

Cap Rate
5.75%
Tenant Name
Minit Man Oil Change
Years Remaining On Lease
14.4
Gross SF
2,190
Guarantor
Corporate Guarantee
Rentable SF
2,190
Price/Gross SF
$1,026.94
Lease Type
Absolute Net
Rent Per Square Feet
$59.04

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Minit Man Oil Change in Rockport, Texas. The property consists of a 2,190-square foot, freestanding building that sits on approximately 1.38 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 Highway 35, where traffic counts exceed 16,932 vehicles per day. Surrounding retailers in the immediate area include Walmart Supercenter, Ace Hardware, Snap Fitness, Whataburger, Dairy Queen, Domino’s Pizza, CVS, Popeyes, Pizza Hut and many more. The Rockport- Fulton area is supported by a strong tourism industry that attracts approximately 1 million annual visitors and an economic impact of more than $100 million. Popular tourism attractions include: Aransas National Wildlife Refuge (75,000 visitors), Texas Maritime Museum (15,000 visitors), Fulton Mansion (17,000 visitors), Rockport Beach Park (41,000 daily passes).

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.
  • Large 1.38 Acres Parcel Includes Oil Change Facility and Seperate Carwash
  • Excellent Access and Visibility on Highway 35, Where Traffic Counts Exceed 16,932 VPD
  • 30 Minute Drive from Downtown Corpus Christi
  • Approximately 1 Million Annual Visitors and an Economic Impact of More than $100 Million
  • Resort Town - Immediate Area includes Two Country Clubs and Multiple Condo Communities

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Minit Man Oil Change

Listing Price: $2,249,000

Cap Rate
5.75%
Tenant Name
Minit Man Oil Change
Years Remaining On Lease
14.4
Gross SF
2,190
Guarantor
Corporate Guarantee
Rentable SF
2,190
Price/Gross SF
$1,026.94
Lease Type
Absolute Net
Rent Per Square Feet
$59.04

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.
  • Large 1.38 Acres Parcel Includes Oil Change Facility and Seperate Carwash
  • Excellent Access and Visibility on Highway 35, Where Traffic Counts Exceed 16,932 VPD
  • 30 Minute Drive from Downtown Corpus Christi
  • Approximately 1 Million Annual Visitors and an Economic Impact of More than $100 Million
  • Resort Town - Immediate Area includes Two Country Clubs and Multiple Condo Communities

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Minit Man Oil Change in Rockport, Texas. The property consists of a 2,190-square foot, freestanding building that sits on approximately 1.38 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 Highway 35, where traffic counts exceed 16,932 vehicles per day. Surrounding retailers in the immediate area include Walmart Supercenter, Ace Hardware, Snap Fitness, Whataburger, Dairy Queen, Domino’s Pizza, CVS, Popeyes, Pizza Hut and many more. The Rockport- Fulton area is supported by a strong tourism industry that attracts approximately 1 million annual visitors and an economic impact of more than $100 million. Popular tourism attractions include: Aransas National Wildlife Refuge (75,000 visitors), Texas Maritime Museum (15,000 visitors), Fulton Mansion (17,000 visitors), Rockport Beach Park (41,000 daily passes).

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower