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119 E Gibson St - Grease Monkey & Excel Car Wash

5,396 SF Specialty Building Offered at $2,343,774 at a 6.50% Cap Rate in Jasper, TX 75951

Car Washes Texas Jasper 119 E Gibson St, Jasper, TX 75951

Investment Highlights

  • This Grease Monkey/ Excel Car Wash is on a corporate Triple Net lease with more than 8 years remaining and 10% increases every 5 years.
  • Traffic counts average 18,464 vehicles per day on Highway 190, while Highway 96 averages 14,267 vehicles per day.
  • Grease Monkey International is the nation's largest independent franchisor of automotive oil change centers.
  • The property consists of a 2-bay oil change building and car wash.
  • Nearby retailers include Walmart, Lowes, Ashley Furniture, Dollar Tree, McDonald’s, Walgreens, O’Reilly Auto Parts, and more.
  • Demographics include a 5-mile population of 10,245 and average household income of $70,864.

Executive Summary

Net, Net, Net. No landlord responsibilities.
Property includes a 2 bay quick lube with subterranean service pit and a car wash.
Two separate parcels of .232 acres 115 Gibson and .5 acres 119 Gibson

Attachments

CoStar MP

Property Facts

Price $2,343,774 Building Class B
Price Per SF $434 Lot Size 0.73 AC
Sale Type Investment Building Size 5,396 SF
Cap Rate 6.50% No. Stories 1
Property Type Specialty Year Built 2018
Property Subtype Car Wash Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $2,343,774
Price Per SF $434
Sale Type Investment
Cap Rate 6.50%
Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 0.73 AC
Building Size 5,396 SF
No. Stories 1
Year Built 2018
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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PROPERTY TAXES

Parcel Number 000002008400 Improvements Assessment $327,862
Land Assessment $66,037 Total Assessment $393,899

PROPERTY TAXES

Parcel Number
000002008400
Land Assessment
$66,037
Improvements Assessment
$327,862
Total Assessment
$393,899
(612) 332-6600

Contacts

  • Listing ID: 31873242

  • Date on Market: 9/21/2023

  • Last Updated:

  • Address: 119 E Gibson St, Jasper, TX 75951

More public record information on 119 E Gibson St, Jasper, TX 75951

The Specialty Property at 119 E Gibson St, Jasper, TX 75951 is currently available for sale. Contact Upland Real Estate Group, Inc. for more information.

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119 E Gibson St - Grease Monkey & Excel Car Wash
(612) 332-6600 x

119 E Gibson St - Grease Monkey & Excel Car Wash

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Keith Sturm

(612) 332-6600

(612) 332-6600

Amanda Leathers

(612) 436-0045

(612) 436-0045

Deborah Vannelli

(612) 376-4475

(612) 376-4475

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