115 & 119 E Gibson St - Auto Repair FOR SALE


Jasper, TX 75951
$2,177,000 USD
312-887-1007
115 & 119 E Gibson St, Jasper, TX for Sale
$2,177,000 USD
Auto Repair - FOR SALE
1/7
null | 7% Cap Rate

115 & 119 E Gibson St
Jasper, TX 75951


HIGHLIGHTS

  • Long-Term Single-Tenant Absolute Net Lease - Zero LL Responsibility
  • Net-Lease 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 Guarantee
  • Tax-Free State
  • No National Quick-Lube Competition within 30+ Miles

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,177,000 USD

PRICE/SF

$403 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grease Monkey with Car Wash

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

Commercial

APN/PARCEL ID

000002008400,000002192200

ASK ABOUT THIS PROPERTY

Jason CaplanRiverwest Real Estate GroupMore Info
312-887-1007

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Jason CaplanRiverwest Real Estate GroupMore Info
312-887-1007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.