Grease Monkey | Absolute NNN Leased Offering 309 & 311 South Timberland Drive, Lufkin, TX Eagle Creek (Lufkin, Texas, US ) Built

$3,756,944 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 6,436 sq. ft.
  • Development Level: Built
  • Lot Size: 1.45 acres
  • Year Built: 2000

Description

Grease Monkey | Absolute NNN Leased Offering 309 & 311 South Timberland Drive, Lufkin, TX

Cap Rate: 6.25%
NOI: $234,809
Building Size: 6,436 sqft
Lot Area: 1.45 acres
Lease Type: Absolute Net
Year Built: 2000

DESCRIPTION
Subject property is a 9,654 square-foot Grease Monkey in Lufkin, TX. The NNN lease calls for zero landlord obligations with 10% increases in rent every 5 years and four 5 year options to renew. The premises consists of both an Oil Change Store and a separate Car Wash. The subject Grease Monkey consists of 4,080 sf, while the car wash is 2,536 sf. These properties sit on an estimated 1.45 acre lot. The lease is guaranteed by Grease Monkey International, LLC. This asset is situated in a major retail trade area and surrounded by national retailers including Dollar General, Sherwin Williams, Family Dollar, Burger King, Taco Bell, Walgreens, and many others.

HIGHLIGHTS
• Long Term Absolute NNN Lease
• 100% Fee Simple Interest
• Zero Landlord Responsibilities
• Scheduled Increases In Rent
• Strong Corporate Guarantee
• Heavily Trafficked Location - 14,494 VPD Along S Timberland Drive
• Located On A Major Commercial Thoroughfare

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52(81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#442583495
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Information is deemed to be correct but not guaranteed.