18550 Highway 105 W
Montgomery, TX 77356
Grease Monkey Portfolio · Retail Property For Sale

PORTFOLIO DETAILS: • Absolute NNN Leases – Landlord has Zero Management Responsibilities • Attractive Long-Term Leases – Over 13-Years remaining with Two (2), Five (5) Year Options • Growing Cash Flow – Strong rental increases throughout the base term of the leases; increases will vary based upon location • Optimal Bay Store Footprint – Allows tenant to maximize capacity while minimizing fixed costs RETAIL TRADE AREA: • Affluent Demographics – -Montgomery Site: Average Household Income exceeding $100,000 in a 1,3, and 5-Mile Radius -Cypress Site: Average Household Income of roughly +/-$170,000 in a 1-mile radius • Strong Population Growth – -Montgomery Site: Over 10% increase throughout the surrounding area in a 1,3, and 5-Mile radius -Cypress Site: Averaging roughly a 30% increase throughout the surrounding area in a 1,3, and 5-mile radius • Healthy Traffic Counts - -Montgomery Site: Property is ideally positioned along Hwy 105, which boasts traffic counts of +/- 36,000 VPD -Cypress Site: Property is ideally positioned along FM 529, which boasts traffic counts of +/- 26,000 VPD TENANT: • In October 2017, Team Wheat, LLC commenced retail operations signing brand new Absolute NNN 15-year leases • Team What is owned and operated by Jim Wheat, former president of Jiffy lube International • Founded in 1978, the Grease Monkey brand currently has more than 300 retail centers operating in the U.S. and Latin America