Auto Service - Gas-Conv
Grease Monkey
10405 Slide Rd, Lubbock, TX 79424
Listing Price: $2,400,000
Cap Rate
6.25%
Tenant Name
Grease Monkey
Gross SF
6,780
Guarantor
Personal Guarantee
Rentable SF
6,780
Price/Gross SF
$353.98
Lease Type
Absolute Net
Rent Per Square Feet
$22.12
Investment Overview
Marcus & Millichap is pleased to offer for sale a Grease Monkey opportunity in Lubbock, TX.
Grease Monkey
Investment Highlights
- Brand new 15-year Absolute NNN lease to Threshold Automotive Service, LLC (9-unit operator), providing long-term passive income stability.
- High-visibility location on Slide Road (18,000+ VPD), surrounded by national retailers including Starbucks, Walgreens, Taco Bell, and Sonic Drive-In.
- Minutes from Texas Tech University (42,000+ students/faculty), within a city of 272,000+ residents. Affluent 1-mile AHHI of $133,525 supports sustained consumer demand.
- Ranks in the 90th percentile nationally (361 locations) and #6 in Texas (42 locations) per Placer.ai, demonstrating exceptional site performance, strong trade area fundamentals, and loyal customer base.
- Located in Texas, a no state income tax state, enhancing after-tax returns for investors.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Listing Price: $2,400,000
Cap Rate
6.25%
Tenant Name
Grease Monkey
Gross SF
6,780
Guarantor
Personal Guarantee
Rentable SF
6,780
Price/Gross SF
$353.98
Lease Type
Absolute Net
Rent Per Square Feet
$22.12
Investment Highlights
- Brand new 15-year Absolute NNN lease to Threshold Automotive Service, LLC (9-unit operator), providing long-term passive income stability.
- High-visibility location on Slide Road (18,000+ VPD), surrounded by national retailers including Starbucks, Walgreens, Taco Bell, and Sonic Drive-In.
- Minutes from Texas Tech University (42,000+ students/faculty), within a city of 272,000+ residents. Affluent 1-mile AHHI of $133,525 supports sustained consumer demand.
- Ranks in the 90th percentile nationally (361 locations) and #6 in Texas (42 locations) per Placer.ai, demonstrating exceptional site performance, strong trade area fundamentals, and loyal customer base.
- Located in Texas, a no state income tax state, enhancing after-tax returns for investors.
Investment Overview
Marcus & Millichap is pleased to offer for sale a Grease Monkey opportunity in Lubbock, TX.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
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