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Grease Monkey 4561 Lake Ave 4,736 SF Retail Building White Bear Lake, MN 55110 $1,200,000 ($253.38/SF) 7.15% Cap Rate
Investment Highlights
- CORPORATE GUARANTEE Absolute NNN lease — zero landlord responsibilities corporate guarantee from one of America's largest automotive service platforms
- Premier lakefront suburb on a high-traffic arterial in the Minneapolis–St. Paul MSA — one of the Midwest's most stable and income-rich consumer market
- Scheduled 10% rent increase in 2026 followed by 2% annual bumps through all option periods — built-in NOI growth above the sector norm.
Executive Summary
Entheos Commercial Real Estate presents a single-tenant, absolute NNN investment at 4561 Lake Avenue in White Bear Lake, Minnesota — a nationally franchised Grease Monkey automotive quick-lube facility offered at $1,200,000, representing a 7.15% cap rate on post-2026 NOI.
LEASE & INCOME STRUCTURE
The property is 100% occupied by Grease Monkey under an absolute triple-net lease with zero landlord responsibilities — tenant covers property taxes, insurance, and all maintenance. The lease carries a corporate guarantee from Full Speed Automotive, one of the largest automotive service platforms in the United States with nearly 1,000 locations nationwide. A scheduled 10% rent increase takes effect in 2026, producing an $85,800 annual NOI ($7,150/month), followed by 2% annual bumps through all option periods — delivering structured NOI growth materially above the flat-rent NNN norm.
TENANT QUALITY
Full Speed Automotive / Grease Monkey is a nationally scaled, recession-resilient business providing non-discretionary vehicle maintenance services. Automotive upkeep is demand-inelastic — consumers continue oil changes and fluid services regardless of economic conditions. This behavioral consistency produces predictable unit economics and durable franchisee performance at established locations like White Bear Lake.
LOCATION & MARKET
The property sits on Lake Avenue, the primary commercial arterial in White Bear Lake, with daily traffic counts exceeding 18,000 vehicles. White Bear Lake is a premier Twin Cities suburb — median household incomes above $72,000, high homeownership rates, and above-average vehicles per household — all structural demand drivers for quick-lube services. The property is positioned within the Minneapolis–St. Paul MSA, a top-15 U.S. metro with a diversified, Fortune 500-anchored economy.
TAX ADVANTAGE
This property may qualify for significant bonus depreciation via cost segregation. Automotive service facilities are well-suited for component reclassification — equipment, lifts, and site improvements often qualify for 5- to 15-year accelerated treatment. Buyers should consult their tax advisor regarding eligibility and potential impact on after-tax yield.
OFFERING TERMS
Asking Price: $1,200,000 | Annual NOI: $85,800 | Cap Rate: 7.15% | Building: 4,736 SF | Lease: Absolute NNN | Guarantee: Corporate. Lease abstract and rent schedule provided upon LOI execution. Full due diligence package released upon APA execution. Broker is also the owner — disclosed per applicable licensing requirements.
Contact: Curtis Romano | Entheos Commercial Real Estate | 952-270-8363 | curtis@entheoscommercial.com
LEASE & INCOME STRUCTURE
The property is 100% occupied by Grease Monkey under an absolute triple-net lease with zero landlord responsibilities — tenant covers property taxes, insurance, and all maintenance. The lease carries a corporate guarantee from Full Speed Automotive, one of the largest automotive service platforms in the United States with nearly 1,000 locations nationwide. A scheduled 10% rent increase takes effect in 2026, producing an $85,800 annual NOI ($7,150/month), followed by 2% annual bumps through all option periods — delivering structured NOI growth materially above the flat-rent NNN norm.
TENANT QUALITY
Full Speed Automotive / Grease Monkey is a nationally scaled, recession-resilient business providing non-discretionary vehicle maintenance services. Automotive upkeep is demand-inelastic — consumers continue oil changes and fluid services regardless of economic conditions. This behavioral consistency produces predictable unit economics and durable franchisee performance at established locations like White Bear Lake.
LOCATION & MARKET
The property sits on Lake Avenue, the primary commercial arterial in White Bear Lake, with daily traffic counts exceeding 18,000 vehicles. White Bear Lake is a premier Twin Cities suburb — median household incomes above $72,000, high homeownership rates, and above-average vehicles per household — all structural demand drivers for quick-lube services. The property is positioned within the Minneapolis–St. Paul MSA, a top-15 U.S. metro with a diversified, Fortune 500-anchored economy.
TAX ADVANTAGE
This property may qualify for significant bonus depreciation via cost segregation. Automotive service facilities are well-suited for component reclassification — equipment, lifts, and site improvements often qualify for 5- to 15-year accelerated treatment. Buyers should consult their tax advisor regarding eligibility and potential impact on after-tax yield.
OFFERING TERMS
Asking Price: $1,200,000 | Annual NOI: $85,800 | Cap Rate: 7.15% | Building: 4,736 SF | Lease: Absolute NNN | Guarantee: Corporate. Lease abstract and rent schedule provided upon LOI execution. Full due diligence package released upon APA execution. Broker is also the owner — disclosed per applicable licensing requirements.
Contact: Curtis Romano | Entheos Commercial Real Estate | 952-270-8363 | curtis@entheoscommercial.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,736 SF
Building Class
B
Year Built/Renovated
2004/2021
Price
$1,200,000
Price Per SF
$253.38
Cap Rate
7.15%
NOI
$85,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.54 AC
Parking
16 Spaces (3.38 Spaces per 1,000 SF Leased)
Frontage
99’ on Us-61 Hwy
Amenities
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
Founded in 1978 and headquartered in Denver, Colorado, the Grease Monkey® brand currently operates centers internationally with operations in Mexico, China, Colombia and Saudi Arabia. Grease Monkey® is the nation’s largest independent franchisor of automotive oil change centers. Grease Monkey® International, LLC is the nation’s largest independent franchisor of automotive oil change centers serving many customers each year. Many Grease Monkey® centers are franchisee owned and operated. Their franchisees are entrepreneurs who come from a wide range of backgrounds and experience. Besides offering needed maintenance services to car and truck owners, Grease Monkey® franchisees play an important role as business owners, employers, supporters, and good citizens in the communities they serve.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-30-22-43-0134 | Improvements Assessment | $488,000 |
| Land Assessment | $326,600 | Total Assessment | $814,600 |
Property Taxes
Parcel Number
14-30-22-43-0134
Land Assessment
$326,600
Improvements Assessment
$488,000
Total Assessment
$814,600
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Grease Monkey | 4561 Lake Ave
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