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Grease Monkey 123 W Prairie View Rd 4,375 SF Retail Building Chippewa Falls, WI 54729 $810,708 ($185.30/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Investors can use 100% bonus depreciation on property improvements in year one, creating a major upfront tax shield and boosting after-tax cash flow
- Over 10 years left on a 15-year NNN lease, offering stability and minimal Landlord expense responsibilities
- Just 600 ft from WI Highway 124, which connects Chippewa Falls to Eau Claire and sees over 13,000 VPD
- Immediate cost recovery improves overall investment returns and reduces tax liability (consult accounting professional for detailed analysis)
- The lease guarantees rent growth with 10% rent bumps every five years, increases which continue through the three option periods
- Actively executing a strategic growth plan to double its location count within just three years, demonstrating exceptional corporate momentum
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Grease Monkey located at 123 W Prairie View Drive, Chippewa Falls, Wisconsin. The single tenant net lease asset is 100% occupied by Grease Monkey, who maintains over 10 years of remaining lease term plus three renewal options, each with a 10% rent increase. The 4,375 SF building was constructed in 1998 and sits on 0.48 acres of land.
Grease Monkey, a FullSpeed Automotive brand, is currently implementing an aggressive expansion strategy aimed at doubling its footprint within the next three years. With more than 500 locations across North America and operations in six countries internationally, the company has demonstrated resilience through over five decades of business cycles and market changes. Grease Monkey remains focused on expanding its geographical presence and growing its customer base.
The property enjoys a prime location within an established retail corridor featuring popular destinations including Walgreens, Subway, U-Haul, Kwik Trip, and McDonald's. This strategic positioning capitalizes on impressive daily traffic counts of over 13,000 vehicles along WI Highway 124 and 3,410 vehicles on Woodward Ave. The three-mile radius demographic profile is compelling, with population growth above the national average and household incomes averaging over $87,000, indicating both strong customer density and substantial spending power. Additionally, the site's advantageous location between Chippewa Falls and Eau Claire enhances business operations and strengthens the existing customer base by offering convenient access for travelers in the area.
With the return of 100% bonus depreciation, this asset offers an even more compelling investment opportunity. Investors can fully depreciate the building improvements in year one, creating a substantial upfront tax shield. This accelerates cost recovery, boosts after-tax cash flow, and enhances overall returns, adding meaningful value beyond the property's strong real estate fundamentals.
Please refer to the OM for more information on this investment opportunity.
Grease Monkey, a FullSpeed Automotive brand, is currently implementing an aggressive expansion strategy aimed at doubling its footprint within the next three years. With more than 500 locations across North America and operations in six countries internationally, the company has demonstrated resilience through over five decades of business cycles and market changes. Grease Monkey remains focused on expanding its geographical presence and growing its customer base.
The property enjoys a prime location within an established retail corridor featuring popular destinations including Walgreens, Subway, U-Haul, Kwik Trip, and McDonald's. This strategic positioning capitalizes on impressive daily traffic counts of over 13,000 vehicles along WI Highway 124 and 3,410 vehicles on Woodward Ave. The three-mile radius demographic profile is compelling, with population growth above the national average and household incomes averaging over $87,000, indicating both strong customer density and substantial spending power. Additionally, the site's advantageous location between Chippewa Falls and Eau Claire enhances business operations and strengthens the existing customer base by offering convenient access for travelers in the area.
With the return of 100% bonus depreciation, this asset offers an even more compelling investment opportunity. Investors can fully depreciate the building improvements in year one, creating a substantial upfront tax shield. This accelerates cost recovery, boosts after-tax cash flow, and enhances overall returns, adding meaningful value beyond the property's strong real estate fundamentals.
Please refer to the OM for more information on this investment opportunity.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,375 SF
Building Class
B
Year Built
1998
Price
$810,708
Price Per SF
$185.30
Cap Rate
6.35%
NOI
$51,480
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.48 AC
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 22808-1811-63110110 | Improvements Assessment | $309,100 |
| Land Assessment | $165,500 | Total Assessment | $474,600 |
PROPERTY TAXES
Parcel Number
22808-1811-63110110
Land Assessment
$165,500
Improvements Assessment
$309,100
Total Assessment
$474,600
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Grease Monkey | 123 W Prairie View Rd
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