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Grease Monkey 234 Fairview Rd 1,799 SF Retail Building Ellenwood, GA 30294 $975,000 ($541.97/SF) 6.33% Cap Rate
INVESTMENT HIGHLIGHTS
- Solid Corporate Tenant | 33% CAP Rate | 10% Rent Bumps | See Offering Memorandum
- Grease Monkey is one of nation's top oil service operations
- Fairview Road is a busy retail & service corridor with 24,000+ VPD
EXECUTIVE SUMMARY
Brent Fisher & HSI Commercial are pleased to offer this 1799 sf fully operational auto shop occupied by Grease Monkey. Absolute NNN 20-year lease with 7+/- years remaining. 5-year options at 10% rent increases. This property is situated on Fairview Road with a dedicated turn lane. Fairview Road is a major retail and service corridor in Ellenwood (24k+ VPD). Lease Guarantor, Grease Monkey International, is one of the largest oil change operations in the U.S. and brings in roughly $250M annually. Please contact us for more information about this property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,799 SF
Building Class
B
Year Built
2005
Price
$975,000
Price Per SF
$541.97
Cap Rate
6.33%
NOI
$61,716
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.61 AC
Zoning
C - Commercial
Parking
16 Spaces (8.89 Spaces per 1,000 SF Leased)
Frontage
153’ on Fairview Road
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Wheelchair Accessible
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0025-01-033-002 | Improvements Assessment | $89,036 |
| Land Assessment | $52,880 | Total Assessment | $141,916 |
PROPERTY TAXES
Parcel Number
0025-01-033-002
Land Assessment
$52,880
Improvements Assessment
$89,036
Total Assessment
$141,916
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Grease Monkey | 234 Fairview Rd
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