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.