Grease Monkey Friendswood, TX

2205 West Parkwood Avenue
Friendswood, TX

Price: $1,818,908
Cap Rate: 6.50%
NOI: $118,229
Building Size: Approx. 3,230 Sq. Ft.
Lot Size: Approx. 0.68 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Parts
Year Built: 2019

Investment Overview

  • 2019 Construction. 3,230+/- SF Building on 0.68+/- Acre Site
  • 10+ Years Remaining on 15-Year Abs. NNN Lease w/ 10% Rental Increases Every 5 Years, Plus (2) 5-Year Options to Renew
  • Strong Corporate Guarantee – Grease Monkey Intl. is a Wholly Owned Subsidiary of Full Speed Automotive
  • Ideally Positioned Along Parkwood Ave (FM 528), the Main Arterial Road Through Friendswood (33,500+ VPD)
  • Phenomenal Demographics & Growth – 5-Mile Radius Population of 110k+ w/ Avg. HH Income of $162k+
  • Grease Monkey International is the Nation’s Largest Independent Franchisor of Automotive Oil Change (2M+ Customers Per Year)
  • Friendswood¬† |¬† 24 Miles From Downtown Houston, TX |¬† Population: 40,833+