

Grease Monkey
Grease Monkey
Marketing description
This offering presents a rare opportunity to acquire a single-tenant, absolute net lease Grease Monkey investment located at 115 & 119 E. Gibson Street in Jasper, Texas, featuring zero landlord responsibilities and a long-term lease with approximately 7.5 years remaining. The property is leased to Grease Monkey International, LLC, a nationally recognized operator with 500+ locations, and includes built-in rent increases of 10% every five years, providing strong income growth. Strategically positioned along US-190 (±19,400 VPD) in Jasper’s primary retail corridor, the asset benefits from excellent visibility, strong regional access, and proximity to major national retailers. The site features a dual-income automotive service model (oil change facility + express tunnel car wash), enhancing revenue stability and resistance to e-commerce disruption. Offered at a 7.00% cap rate with NOI of $152,345, this investment combines durable cash flow, corporate-backed tenancy, and a dominant location within a stable, service-driven East Texas market.
Investment highlights
- Single-Tenant Absolute Net Lease - Zero LL Responsibility
- Investment Includes 3 Buildings: 2-Bay Service Center; 10-Station Cleaning Center; Express Tunnel Car Wash
- High Visibility | Located on US-190 - Serving Regional Population Bases of ~35k within Jasper County
- National Operator (+500 locations) with Corporate Gurantee
- Tax-Free State
- No National Quick-Lube Competition within 30+ Miles
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