Cap Rate
7%
Year Built
2005/2024
Leasable Area
5,162 SF
Term Remaining
±15 YRS
NOI
$180,000
Property Type
Retail
LEAD LISTING AGENT
Email
jack.kulick@matthews.com
License No.
02126798 (CA)
Direct
+1 (310) 919-5711
Mobile
+1 (760) 642-9942
INVESTMENT HIGHLIGHTS
- Recent Tenant Commitment – The tenant has recently completed a backfill, demonstrating strong operational intent.
- Significant Capital Investment – Over $250,000 in recent renovations.
- Long-Term Income Security – ±15-year lease provides stable, predictable cash flow.
- True Passive Ownership – Absolute NNN lease with zero landlord responsibilities.
- Income Tax-Free State of Florida.
- Rent Increases – 10% rent increases every five years serve as a strong hedge against inflation.
- High-Growth Market – projected 3.9% annual population growth within a 3-mile radius.
- Tax Advantages – Auto service properties may qualify for an accelerated depreciation schedule (Consult your tax or accounting professional for details).
- Resilient Investment – The quick lube industry is resistant to economic downturns and e-commerce disruptions.
- Diversified Revenue Streams – Quick Lube & Car Wash operations drive higher store performance and multiple income sources.
- Established National Brand – Grease Monkey operates nearly 500 locations nationwide and continues expanding. As part of FullSpeed Automotive, it benefits from a 900+ location network.
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