309 S Timberland Dr - Auto Repair FOR SALE


Lufkin, TX 75901
$3,690,000 USD
858-449-4503
309 S Timberland Dr, Lufkin, TX for Sale
$3,690,000 USD
Auto Repair - FOR SALE
1/28
null | 7% Cap Rate

309 S Timberland Dr
Lufkin, TX 75901


HIGHLIGHTS

  • CORPORATE ABSOLUTE NNN LEASE – LAND AND BUILDING
  • 10% RENT INCREASE IN 2028
  • LARGE PARCEL – 1.59 ACRES
  • DOWNTOWN LUFKIN LOCATION
  • VALUE ADD/REDEVELOPMENT OF CAR WASH
  • HIGH TRAFFIC COUNTS

OVERVIEW

InvestCore Commercial is pleased to exclusively offer for sale a ±9,653 SF, three-component automotive property situated on a large ±1.59-acre site in downtown Lufkin, Texas, 100% leased to Grease Monkey Midwest, LLC on an absolute NNN basis through October 2033 and guaranteed by Grease Monkey International, LLC, a FullSpeed Automotive brand with 900+ centers portfolio-wide. Grease Monkey pays rent on the entire property — the oil change center, the full-service car wash tunnel and the detail center — but currently operates only the oil change component and is not fully operating the car wash and detail center, which sits on its own separate legal parcel. That parcel separation is the opportunity: an investor collects passive, corporate-guaranteed income with 10% increases for the next 7+ years while retaining the flexibility to re-lease the car wash to a dedicated operator and negotiate a new long-term lease with Grease Monkey on the oil change parcel, sell the car wash parcel separately to a car wash operator and take chips off the table, or hold and redevelop the entire 1.59-acre site — all while the tenant continues to pay full rent on the whole property.

FOR SALE DETAILS

PRICE

$3,690,000 USD

PRICE/SF

$558 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corp Grease Monkey | Car Wash & Detail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

-

APN/PARCEL ID

92602

ASK ABOUT THIS PROPERTY

Ed Colson, CCIMInvestCore CommercialMore Info
858-449-4503

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Ed Colson, CCIMInvestCore CommercialMore Info
858-449-4503

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