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Grease Monkey 2236 Mercantile Dr 5 817 pi² Commerce de détail Immeuble Eau Claire, WI 54703 1 261 233 $ CAD (216,82 $ CAD/pi²) 6,35% Taux de capitalisation

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Certaines informations ont été traduites automatiquement.

FAITS SAILLANTS DE L'INVESTISSEMENT

Investors can use 100% bonus depreciation on property improvements in year one, creating a major upfront tax shield and boosting after-tax cash flow
Over 10 years left on a 15-year NNN lease, offering stability and minimal Landlord expense responsibilities
The property is highly visible from US Highway 12, which is the major east-west thoroughfare serving Eau Claire

Immediate cost recovery improves overall investment returns and reduces tax liability (consult accounting professional for detailed analysis)
The lease guarantees rent growth with 10% rent bumps every five years, increases which continue through the three option periods
Actively executing a strategic growth plan to double its location count within just three years, demonstrating exceptional corporate momentum

RÉSUMÉ DE L'ANNONCE

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Grease Monkey located at 2236 Mercantile Drive, Eau Claire, Wisconsin. The single tenant net lease asset is 100% occupied by Grease Monkey, who maintains over 10 years of remaining lease term plus three renewal options, each with a 10% rent increase. The 5,817 SF building was constructed in 1987 and sits on 0.72 acres of land.
Grease Monkey, a FullSpeed Automotive brand, is currently implementing an aggressive expansion strategy aimed at doubling its footprint within the next three years. With more than 500 locations across North America and operations in six countries internationally, the company has demonstrated resilience through over five decades of business cycles and market changes. Grease Monkey remains focused on expanding its geographical presence and growing its customer base.
The property enjoys a prime location within an established retail corridor featuring popular destinations including Festival Foods, Menards, Dunkin Donuts, and Kwik Trip. This strategic positioning capitalizes on impressive daily traffic counts of 22,470 vehicles along US Highway 12 through Eau Claire. The three-mile radius demographic profile is compelling, with population growth projecting at more than twice the national average and household incomes averaging over $85,000, indicating both strong customer density and substantial spending power. Additionally, the site's convenient location just 10 minutes from downtown Eau Claire further enhances its appeal.
With the return of 100% bonus depreciation, this asset offers an even more compelling investment opportunity. Investors can fully depreciate the building improvements in year one, creating a substantial upfront tax shield. This accelerates cost recovery, boosts after-tax cash flow, and enhances overall returns, adding meaningful value beyond the property's strong real estate fundamentals.
Please refer to the OM for more information on this investment opportunity.

Offering Memorandum

FAITS SUR LA PROPRIÉTÉ

Type de vente

Investissement pour loyer hypernet

Type de propriété

Commerce de détail

Sous-type de propriété

Réparation automatique

Taille du bâtiment

5 817 pi²

Classe d’immeuble

Année de construction

1987

Prix

1 261 233 $ CAD

Prix par pi²

216,82 $ CAD

Taux de capitalisation

6,35%

Revenu net d’exploitation

80 088 $ CAD

Location

Unique

Hauteur du bâtiment

1 étage

Coefficient d’occupation des sols de l’immeuble

0,19

Taille du lot

0,72 AC

Zonage

C3P

Visibilité de l'autoroute

Enseigne sur pylône

Affichage

Services
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Jan 0000

Founded in 1978 and headquartered in Denver, Colorado, the Grease Monkey® brand currently operates centers internationally with operations in Mexico, China, Colombia and Saudi Arabia. Grease Monkey® is the nation’s largest independent franchisor of automotive oil change centers. Grease Monkey® International, LLC is the nation’s largest independent franchisor of automotive oil change centers serving many customers each year. Many Grease Monkey® centers are franchisee owned and operated. Their franchisees are entrepreneurs who come from a wide range of backgrounds and experience. Besides offering needed maintenance services to car and truck owners, Grease Monkey® franchisees play an important role as business owners, employers, supporters, and good citizens in the communities they serve.