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119 E Gibson St
Jasper, TX 75951

$2,343,774 USD

Carwash For Sale  •  5,396 SF

Property Details

  • Property Type Carwash
  • Total Building Size 5,396 SF
  • Lot Size 0.73 AC
  • Building Class B
  • Year Built 2018
  • Cap Rate 6.50 %
0 Transit Score
46 Walk Score

Highlights

This Grease Monkey/ Excel Car Wash is on a corporate Triple Net lease with more than 8 years remaining and 10% increases every 5 years.
The property consists of a 2-bay oil change building and car wash.
Traffic counts average 18,464 vehicles per day on Highway 190, while Highway 96 averages 14,267 vehicles per day.
Nearby retailers include Walmart, Lowes, Ashley Furniture, Dollar Tree, McDonald’s, Walgreens, O’Reilly Auto Parts, and more.
Grease Monkey International is the nation's largest independent franchisor of automotive oil change centers.
Demographics include a 5-mile population of 10,245 and average household income of $70,864.

Property Flyers

Cap Rate: 6.50 %
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.