Grease Monkey
Retail | 6.75% CAP | 2,800 SqFt
Marketing description
Northmarq is pleased to present the opportunity to purchase the fee simple interest in a single-tenant Triple Net lease Grease Monkey located in Fayetteville, GA, 20 miles south of Atlanta. This Grease Monkey has nearly 8.5 years remaining on a corporate triple-net lease with the landlord responsible for roof and structure only. The lease also provides for two 5-year renewal options with 2% percent rent increases every other year. Northmarq invites you to explore this unique opportunity to acquire a prime automotive service location in a thriving market. This Grease Monkey in Fayetteville represents a strategic investment poised for long-term success.
Investment highlights
GREASE MONKEY'S INVESTMENT TO THE SITE
Grease Monkey is investing into the subject property with upgrades that include new paint, signage, and parking lot to match their corporate branding. The improvements not only bolster the aesthetic and functional appeal of the location but also signal a strong commitment to this location.
PRIME RETAIL OPPORTUNITY WITHIN THE ATLANTA MSA
The subject property is located within the Atlanta Metropolitan Statistical Area (MSA), positioning it as a prime investment opportunity. This vibrant region boasts a growing population and robust economic activity, ensuring a steady demand for quality automotive services and a strong potential for business growth.
STRATEGIC LOCATION
The subject property is strategically positioned along Lanier Avenue, which sees close to 26,000 vehicles per day leading into Fayetteville, Georgia, a suburb of Atlanta located in Fayette County—one of the fastest-growing counties in the United States. The subject property is surrounded by residential neighborhoods with downtown Fayetteville less than one mile away.
NNN LEASE WITH RENT INCREASES
Grease Monkey is operating under a Triple Net (NNN) lease with minimal Landlord responsibility and approximately 8.5 years of base term remaining. The lease features a 2% rent escalation during base term as well as in both options, providing investors with a boost to the overall investment yield.
CORPORATE LEASE
The lease is Grease Monkey International, LLC, one of the fastest growing quick lube chains in the country with 490+ locations.
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