Minit Man Oil Change | 5342 Kostoryz Rd
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Minit Man Oil Change 5342 Kostoryz Rd
1,688 SF Retail Building Corpus Christi, TX 78415 £1,703,964 (£1,009/SF) 7.30% Net Initial Yield
Investment Highlights
- Absolute Net Lease with 12.5 Years Remaining
- Corporate Guarantee from Grease Monkey International, LLC
- More than 217,154 Residents Within a Five-Mile Radius
- Attractive 2 Percent Annual Rental Increases
- Excellent Visibility on Kostoryz Road with Easy Access to South Padre Island Drive (Combined 161,667 VPD)
- Home to the Port of Corpus Christi, the Third-Largest Port in the U.S.
Executive Summary
Offered for sale is the opportunity to acquire an absolute net lease Minit Man Oil Change in Corpus Christi, Texas. The property consists of a 1,688-square-foot, freestanding building that sits on 0.22 acres of land. There are 12.5 years remaining on the current lease term and two, 5-year options remaining.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,688 SF
Year Built
1987
Price
£1,703,964
Price Per SF
£1,009
Net Initial Yield
7.30%
NOI
£124,374
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
0.22 AC
Zoning
Commercial - Commercial
Frontage
52 ft on Kostoryz Road
Amenities
- Pylon Sign
- Drive Thru
-
Vincent Knipp -
Blake Burnett -
Knipp Wolf Net Lease Group | Marcus & Millichap
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Minit Man Oil Change | 5342 Kostoryz Rd
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