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119 E Gibson St - Grease Monkey & Excel Car Wash

5,396 SF Speciality Building Offered at £1,905,652 at a 6.50% Net Initial Yield in Jasper, TX 75951

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Investment Highlights

This Grease Monkey/ Excel Car Wash is on a corporate Triple Net lease with more than 8 years remaining and 10% increases every 5 years.
Traffic counts average 18,464 vehicles per day on Highway 190, while Highway 96 averages 14,267 vehicles per day.
Grease Monkey International is the nation's largest independent franchisor of automotive oil change centers.

The property consists of a 2-bay oil change building and car wash.
Nearby retailers include Walmart, Lowes, Ashley Furniture, Dollar Tree, McDonald’s, Walgreens, O’Reilly Auto Parts, and more.
Demographics include a 5-mile population of 10,245 and average household income of $70,864.

Executive Summary

Net, Net, Net. No landlord responsibilities.
Property includes a 2 bay quick lube with subterranean service pit and a car wash.
Two separate parcels of .232 acres 115 Gibson and .5 acres 119 Gibson

CoStar MP

Property Facts

Price	£1,905,652	Building Class	B
Price Per SF	£353	Lot Size	0.73 AC
Sale Type	Investment	Building Size	5,396 SF
Net Initial Yield	6.50%	Number of Floors	1
Property Type	Speciality	Year Built	2018
Property Subtype	Car Wash	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,905,652
Price Per SF	£353
Sale Type	Investment
Net Initial Yield	6.50%
Property Type	Speciality
Property Subtype	Car Wash
Building Class	B
Lot Size	0.73 AC
Building Size	5,396 SF
Number of Floors	1
Year Built	2018
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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PROPERTY TAXES

Parcel Number	000002008400	Improvements Assessment	£262,781
Land Assessment	£52,929	Total Assessment	£315,710

PROPERTY TAXES

Parcel Number

000002008400

Land Assessment

£52,929

Improvements Assessment

£262,781

Total Assessment

£315,710

(612) 332-6600

Contacts

Keith Sturm
Amanda Leathers
Deborah Vannelli
Upland Real Estate Group, Inc.

Listing ID: 31873242
Date on Market: 21/09/2023
Last Updated:
Address: 119 E Gibson St, Jasper, TX 75951

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119 E Gibson St, Jasper, TX for sale Building Photo- Image 1 of 2 — Primary Photo

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