GREASE MONKEY

771 Charlotte Rd, Auburndale, FL 33823
$2,571,000

Cap Rate
7%
Year Built
2009/2024
Leasable Area
5,270 SF
Term Remaining
±15 YRS
NOI
$180,000
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Long-Term Income Security – 15-year lease provides strong security of income.
  • Prime Retail Location – Surrounded by national brands including Harbor Freight, Walgreens, Popeyes, McDonald’s, Publix, Save A Lot, and Citgo, driving consistent consumer traffic.
  • Zero Landlord Responsibilities – Absolute NNN lease structure has zero landlord responsibilities.
  • Income Tax-Free State of Florida.
  • Rent Increase – 10% rent increases every five years help offset inflation.
  • Expanding Market – Local population projected to grow at 4.1% annually within a 3-mile radius.
  • Potential Tax Advantages – Auto service properties may qualify for accelerated depreciation (consult your tax professional for details).
  • Resilient Business Model – Quick lube services remain steady despite economic fluctuations and e-commerce trends.
  • Diversified Revenue Streams – The Quick Lube & Car Wash combination enhances performance and business profitability.
  • Established National Brand – Grease Monkey operates nearly 500 locations and continues to expand.
  • High Traffic Visibility – ±24,500 vehicles per day on Havendale Blvd ensures strong exposure.

Broker of Record

  • Kyle Matthews
  • License No. CQ1066435 (FL)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203
BESbswy