NNN Leased Oil Change & Auto Service
Offering Summary
- Sales Price $3,700,000
- NOI $204,000
- Cap Rate 5.50%
- Years Remaining 10 Years
Investment Overview
Oldham Goodwin is pleased to present the opportunity to acquire this NNN leased SpeeDee Oil Change Auto Service in Marble Falls, TX. SpeeDee Oil Change and Auto Service has been in business since 1980 and operates over 150 locations across the United States. The property benefits from great visibility and frontage on US Hwy 281, as well as retail anchors Lowe’s and Wal Mart less than 1/4 of a mile away.
Investment Highlights
- — Brand new ten (10) year lease with SpeeDee Oil Change and Auto Service
- — Corporate guarantee from Mid Ocean Partners limited partnership
- — NNN lease structure with minimal Landlord Responsibilities, roof and structure only
- — Attractive annual Rent Increases after year five (5)
- — Situated on oversized 1.68 AC site on US 281
- — Located in high growth sub market, with traffic counts exceeding 19,000 vehicles per day
- — Easy access and high visibility to the site via US 281
- — Located within retail corridor surrounded by national tenants including, Walmart Supercenter, Lowe’s and HEB
- — SpeeDee Oil Change and Auto Service is a subsidiary of Grease Monkey International, LLC which was ranked within the Top 200 Franchises by Franchise Business Review
- — SpeeDee Oil Change and Auto Service has over 40 years of experience and operates in more than 150 locations
- — The location is currently undergoing the rebranding to SpeeDee Oil Change and Lube Center and will feature car wash and automotive services
