Listed by Marcus & Millichap - Denver
$1,300,000
Grease Monkey
Details
APN 003729-010-007-07
Property Type Retail, Mixed Use
Sub Type Auto Shop
Square Footage 2,964
Cap Rate 7.00%
NOI $91,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 4 x 5-Year
Year Built 1990
Buildings 1
Stories 1
Acreage 0.340
Zoning MUC
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Sale Condition N/A
Retail | 7.00% CAP | 2,964 SqFt
Investment highlights
BRAND NEW 20-YEAR LEASE COMMENCING AT CLOSE OF ESCROW | ABSOLUTE NNN STRUCTURE
- Long-term 20-year lease commencing at close of escrow
- Brand new lease with zero landlord responsibilities (absolute NNN)
- Long-term income security backed by a newly executed lease structure
- Stabilized cash flow with minimal management requirements
AFFLUENT SUBURB | $121K+ AVERAGE HOUSEHOLD INCOME (3-MILE RADIUS)
- Located in a high-income suburban trade area
- Average household income of $121K+ within a 3-mile radius
- Strong consumer spending power and durable retail demand
- Supports premium service and automotive-oriented uses
STRONG STORE-LEVEL FINANCIALS | 2.81X EBITDAR COVERAGE RATIO
- Exceptional 2.81x EBITDAR coverage demonstrating strong performance
- Significant cash flow cushion above lease obligations
- Indicates highly profitable and well-performing store economics
- Reduces operational risk and supports long-term rent durability
EXPERIENCED FRANCHISEE | MB PARTNERS LLC (4-UNIT GREASE MONKEY OPERATOR)
- Tenant is MB Partners LLC, a seasoned multi-unit operator of Grease Monkey
- Operates four locations throughout the Seattle metropolitan area
- Proven track record of operational efficiency and disciplined management
- Strong franchise system support and regional market expertise
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,000.00
$7,583.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
MUC MixedMixed UseMixed Use Corridor
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View all 149 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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