Minit Man

Minit Man

Rockport, TX

Rockport, TX

Minit Man

Offered for sale is the opportunity to acquire an absolute net lease Minit Man Oil Change in Rockport, Texas. The property consists of a 2,190-square-foot, freestanding building that sits on approximately 1.38 acres of land. There are approximately 14.3 years remaining on the current lease term with 2 percent rental increases annually.

Building Size 2,190 sqft
Lot Size 1.38 acres
Year Built 1994
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

 

  • 15-Year, Triple-Net Lease with 2% Annual Rental Increases
  • Corporate Guarantee from Grease Monkey International, LLC, the the Largest Independent Franchisor of Automotive Oil Change Centers in the U.S.
  • Large 1.38 Acres Parcel Includes Oil Change Facility and Separate Carwash
  • Excellent Access and Visibility on Highway 35, Where Traffic Counts Exceed 16,932 VPD
  • 30-Minute Drive from Downtown Corpus Christi
  • Approximately 1 Million Annual Visitors and an Economic Impact of More than $100 Million
  • Resort Town - Immediate Area includes Two Country Clubs and Multiple Condo Communities

Vincent Knipp

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