The Knipp Wolf Net Lease Group of Marcus & Millichap Announces the Sale of an Absolute Net Lease Minit Man Oil Change in Aransas Pass, TX

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a Minit Man Oil Change in Aransas Pass, TX according to Tim A. Speck, division manager in the firm’s Dallas office.

Vincent Knipp, Senior Managing Director Investments, and Blake Burnett, First Vice President Investments, in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller.

According to Burnett, “The buyer was chasing high-yield investments and this property was an ideal fit for their 1031-exchange. They closed in two weeks with a 10-day inspection.”

The property benefits from a corporate guarantee from Grease Monkey International, LLC, the largest independent franchisor of automotive oil change centers in the U.S.

Minit Man Oil Change is located at 336 W Cleveland Boulevard in Aransas Pass, Texas.