Grease Monkey | 234 Fairview Rd
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Grease Monkey 234 Fairview Rd
1,799 SF Retail Building Ellenwood, GA 30294 £749,550 (£417/SF) 6.50% Net Initial Yield
Investment Highlights
- 8.75 Years Remaining on Absolute Triple-Net Lease with Zero Landlord Responsibilities
- Corporate Guarantee by Grease Monkey International, one of the Largest Oil Change Operators in the Nation - 500+ Locations, Approximately $350 Million
- National Retailers within a 1-Mile Radius are Top Ranking Locations Nationwide per Placer
- 10% Rent Increase July 2027 & 2 x 5-Year Options both with additional 10% Rent Increases
- Positioned Along Primary Ellenwood, GA Retail Corridor Fairview Rd (24k+ VPD) including 2 Grocers (Kroger & Ingles)
Executive Summary
Marcus & Millichap is pleased to offer Grease Monkey in Ellenwood, GA. This 1799 SF property has 8.75 years remaining on a 20-year absolute NNN lease with no landlord responsibilities. The corporate guarantor, Grease Monkey International, is one of the largest oil change operators in the nation and makes roughly $350 million in annual revenue. The property is situated along Fairview Rd, a major retail and service corridor in Ellenwood (24,000+ VPD). This Grease Monkey location is nearly 6+ top-ranked national retail locations such as McDonalds (94th percentile), Kroger (89th Percentile), and Home Depot (84th Percentile). Please Contact us for more information about this property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,799 SF
Building Class
B
Year Built
2005
Price
£749,550
Price Per SF
£417
Net Initial Yield
6.50%
NOI
£48,721
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
0.61 AC
Zoning
C - Commercial
Parking
16 Spaces (8.89 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0025-01-033-002 | Improvements Assessment | £67,254 |
| Land Assessment | £41,722 | Total Assessment | £108,977 |
PROPERTY TAXES
Parcel Number
0025-01-033-002
Land Assessment
£41,722
Improvements Assessment
£67,254
Total Assessment
£108,977
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Drew Isaac -
Brian Bailey -
John Leonard -
Marcus & Millichap
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Grease Monkey | 234 Fairview Rd
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