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1601 S 1st St
Lufkin, TX 75901
Grease Monkey · Retail Property For Sale
PROPERTY FACTS
ABOUT 1601 S 1ST ST , LUFKIN, TX 75901
We are pleased to offer to qualified investors an opportunity to purchase an absolute NNN (fee simple) investment that is 100% leased to Grease Monkey on a brand new 15 year corporate lease with strong 10% rental increases as well as a corporate guaranty from Grease Monkey International, Inc. The subject property is positioned on S 1st St (major North/South corridor through Lufkin) with major anchor tenants such as The Home Depot, Target, Lowe’s, Walmart Supercenter, and Sam’s Club, and the Lufkin Mall all located in close proximity to the subject property. This is an excellent opportunity to acquire an absolute NNN single tenant investment, leased to an internet resistant tenant, that provides long term passive income through zero landlord responsibilities (coupon clipper asset) being offered at a rare low price point.
PROPERTY TAXES
| Parcel Number | 89714 | Improvements Assessment | $681,290 |
| Land Assessment | $117,610 | Total Assessment | $798,900 |
PROPERTY TAXES
