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2513 Fm 1103
Cibolo, TX 78108
Grease Monkey · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NNN lease with 9+ years remaining and minimal landlord responsibilities
- Priced below replacement cost, offering long-term yield upside
- Grease Monkey® has 500+ locations and ranks on the Entrepreneur’s Franchise 500® (8 consecutive years)
- New construction with over $4M in building and site improvements
- Strategically located in a high-income, high-growth corridor near I-35 and Randolph AFB
EXECUTIVE SUMMARY
Blue West Capital is pleased to present the opportunity to acquire a newly constructed, single-tenant net-leased Grease Monkey® in Cibolo, Texas, a high-growth suburb within the San Antonio MSA. The property is operated by an individual franchisee under a 10-year NNN lease with over 9 years remaining. The lease includes a personal guaranty, minimal landlord responsibilities, and rental increases at the start of each five-year renewal option.
The asset features over $4 million in recent improvements and is offered below replacement cost. Strategically located along FM 1103 with immediate access to I-35 and Loop 1604, the property is surrounded by national retailers, active residential growth, and sits just 8 miles from Randolph Air Force Base—a major employment hub with a 14,000+ on-base population.
The asset features over $4 million in recent improvements and is offered below replacement cost. Strategically located along FM 1103 with immediate access to I-35 and Loop 1604, the property is surrounded by national retailers, active residential growth, and sits just 8 miles from Randolph Air Force Base—a major employment hub with a 14,000+ on-base population.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,192 SF
Building Class
B
Year Built
2021
Price
$3,545,229 CAD
Price Per SF
$682.83 CAD
Cap Rate
7%
NOI
$248,245 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.16 AC
Zoning
Commercial (NEC)
Parking
20 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
138’ on Farm to Market Road 1103
AMENITIES
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 1G3995C30702600000 | Improvements Assessment | $917,803 CAD |
| Land Assessment | $777,929 CAD | Total Assessment | $1,695,732 CAD |
PROPERTY TAXES
Parcel Number
1G3995C30702600000
Land Assessment
$777,929 CAD
Improvements Assessment
$917,803 CAD
Total Assessment
$1,695,732 CAD
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