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32225391
32225325

115 & 119 East Gibson Rd, Jasper, TX 75951

JC
AZ BR700751000, IL 475.168207
River West Real Estate Group
Listed by River West Real Estate Group
$2,177,000
66 days on market
Updated 6 days ago

Grease Monkey

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 5,395
Cap Rate 7.00%
NOI $152,345
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Firestone (+5)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 10/31/2033
Remaining Term 7.3
Rent Bumps Yes
Lease Options 4 (5-Year)
Year Built 1996
Year Renovated 2014
Buildings 3
Acreage 0.650
Zoning Commercial
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 10/05/2018
Ground Lease No
Sale Condition N/A

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

Listing Contacts

JC
AZ BR700751000, IL 475.168207
River West Real Estate Group
Listed by River West Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$152,345.00
$12,695.42/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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