Minit Man Oil Change

Minit Man Oil Change

Corpus Christi, TX

Corpus Christi, TX

Minit Man Oil Change

Offered for sale is the opportunity to acquire an absolute net lease Minit Man Oil Change in Corpus Christi, Texas. The property consists of a 1,688-square-foot, freestanding building that sits on 0.22 acres of land. There are 12.5 years remaining on the current lease term and two, 5-year options remaining.

Price $2,172,287
Cap Rate 7.30%
Building Size 1,688 sqft
Lot Size 0.22 acres
Year Built 1987
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with 12.5 Years Remaining
  • Attractive 2 Percent Annual Rental Increases
  • Corporate Guarantee from Grease Monkey International, LLC
  • Excellent Visibility on Kostoryz Road with Easy Access to South Padre Island Drive (Combined 161,667 VPD)
  • More than 217,154 Residents Within a Five-Mile Radius
  • Home to the Port of Corpus Christi, the Third-Largest Port in the U.S.
  • Near Texas A&M University-Corpus Christi Campus (12,174 Students Enrolled)

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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