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Auto Service - Gas-Conv

Minit Man Oil Change

336 W Cleveland Blvd, Aransas Pass, TX 78336

Listing Price: $1,091,000

Cap Rate
5.50%
Tenant Name
Minit Man Oil Change
Years Remaining On Lease
14.4
Gross SF
1,914
Guarantor
Corporate Guarantee
Rentable SF
1,914
Price/Gross SF
$570.01
Lease Type
Absolute Net
Rent Per Square Feet
$31.35

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Minit Man Oil Change in Aransas Pass, Texas. The property consists of a 1,914-square foot, freestanding building that sits on approximately 0.69 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 Cleveland Boulevard, where traffic counts exceed 12,449 vehicles per day. Surrounding retailers in the immediate area include H-E-B, O’Reilly Auto Parts, AutoZone, Stripes, Dairy Queen, Popeyes, Dollar General and many more. Located on the coast of Texas, Aransas Pass operates as a major pass for all oceangoing traffic into and out of the Port of Corpus Christi and is a five-minute boat ride from the Gulf of Mexico.

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.
  • Port Aransas is a Major Pass for all Oceangoing Traffic Into and Out of the Port of Corpus Christi
  • Excellent Access and Visibility on Cleveland Boulevard (12,449 VPD)
  • 22 Miles from Downtown Corpus Christi

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Minit Man Oil Change

Listing Price: $1,091,000

Cap Rate
5.50%
Tenant Name
Minit Man Oil Change
Years Remaining On Lease
14.4
Gross SF
1,914
Guarantor
Corporate Guarantee
Rentable SF
1,914
Price/Gross SF
$570.01
Lease Type
Absolute Net
Rent Per Square Feet
$31.35

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.
  • Port Aransas is a Major Pass for all Oceangoing Traffic Into and Out of the Port of Corpus Christi
  • Excellent Access and Visibility on Cleveland Boulevard (12,449 VPD)
  • 22 Miles from Downtown Corpus Christi

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Minit Man Oil Change in Aransas Pass, Texas. The property consists of a 1,914-square foot, freestanding building that sits on approximately 0.69 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 Cleveland Boulevard, where traffic counts exceed 12,449 vehicles per day. Surrounding retailers in the immediate area include H-E-B, O’Reilly Auto Parts, AutoZone, Stripes, Dairy Queen, Popeyes, Dollar General and many more. Located on the coast of Texas, Aransas Pass operates as a major pass for all oceangoing traffic into and out of the Port of Corpus Christi and is a five-minute boat ride from the Gulf of Mexico.

Exclusively Listed By

Financing By

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