Grease Monkey

2601 North Street, Nacogdoches, TX 75965

$1,471,171

Cap Rate 6.50%

Updated: 03.05.24 Posted: 05.19.23 Status: Sold

Summary

Price $1,471,171	Built/Renov 1998	Tenant Grease Monkey
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 1,762	Lease Start 10-05-2018	#Units 290
Price/SF $834.94	Expiration 10-31-2033	Tenant Type Automotive
NOI $95,626	R. Term 8.5	Ownership Fee Simple
Rent/SF $54.27	Increases 10.0%/5/yrs	Pop 5Mi 37,923
Lot/AC 0.31	Options 4/5yrs/10%	AHHI 5Mi $61,156

Lease Highlights

Grease Monkey has 10+ years remaining in their primary lease term with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years
Absolute NNN lease with zero landlord responsibilities
Income tax free state
Corporate guaranteed lease

Location Description

Grease Monkey is located along North Street, the main throughfare, where traffic counts average 20,593 vehicles per day. Nearby retailers include Walgreen’s, Kroger, Whataburger, Starbucks, Chipotle, Dunkin Donuts, Chick-Fil-A, and more. The 5-mile trade area is supported by more than 37,000 residents earning an annual household income of $61,156. Nacogdoches is the oldest town in Texas as...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Strategically located
University college close
Income tax free state
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Over 100 Units backed

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Links

Grease Monkey Wikipedia Grease Monkey Wikipedia Nacogdoches, Texas Zip code 75965 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Grease Monkey International, LLC
Guarantor:Corporate
Company:Grease Monkey International LLC
# Units:290
Stock:Private

About Tenant

Grease Monkey is an independent American franchisor of automotive service centers. This company offers full service oil changes, preventive maintenance and other car services such as state...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,569	28,164	37,817
2023 Total Population :	8,596	28,400	38,048
2023 Employed Civilian Pop :	3,696	12,531	16,669
2023 Total Businesses :	346	1,533	1,775
2023 Average Household Income :	$ 52,198	$ 60,678	$ 66,416
2023 Total Consumer Spending :	$ 119 M	$ 593 M	$ 850 M
2023 Median Age :	23	27	28
2023 Total Households :	2,598	11,093	14,569
2023 Pop Age 25+: Bachelor's Degree :	832	3,424	4,267
2023 Average Home Value :	$ 279,732	$ 225,115	$ 222,695

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Street	Travis St	2020	19,432	0.31 mi
West Austin Street	North St	2020	3,099	0.35 mi
East Austin Street	N Pecan St	2020	5,996	0.36 mi
North Street	Feazell St	2020	20,593	0.66 mi
North Street	Carolyn St	2021	23,705	0.66 mi
East Austin Street	N University Dr	2021	11,178	0.71 mi
North University Drive	North Dr	2020	12,739	0.77 mi
East Starr Avenue	Wilson Dr	2020	8,522	0.87 mi
East Starr Avenue	Baker St	2021	8,943	0.87 mi
North University Drive	E Starr Ave	2020	13,648	0.90 mi

Listing Broker

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

72 Listings
12711 Views
15 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

72 Listings
12711 Views
15 Sold

Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Keith Sturm

Upland Real Estate Group, Inc.

Contact

72 Listings
12711 Views
15 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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