NNN Leased Oil Change & Auto Service Center
Offering Summary
- Sales Price $2,620,000
- NOI $144,000
- Cap Rate 5.50%
- Years Remaining 10 Years
Oldham Goodwin is pleased to present the opportunity to acquire this NNN leased SpeeDee Oil Change Auto Service in Red Oak, TX. SpeeDee Oil Change and Auto Service has been in business since 1980 and operates over 150 locations across the United States. The property benefits from great visibility and access on Ovilla Road, as well as within close proximity to national retailers including Walgreens, Walmart and CVS.
Investment Highlights
- — Brand new ten (10) year lease with SpeeDee Oil Change and Auto Service
- — Corporate guarantee from Mid Ocean Partners limited partnership
- — NNN lease structure with minimal Landlord Responsibilities, roof and structure only
- — Attractive annual Rent Increases after year five (5)
- — Situated on 0.3 AC site on Ovilla Road
- — Located in high growth sub market, with traffic counts exceeding 26,500 vehicles per day
- — Easy access and high visibility to the site via Ovilla Road
- — Located within retail corridor surrounded by national tenants including, Walmart Supercenter, Walgreens and CVS
- — SpeeDee Oil Change and Auto Service is a subsidiary of Grease Monkey International, LLC which was ranked within the Top 200 Franchises by Franchise Business Review
- — SpeeDee Oil Change and Auto Service has over 40 years of experience and operates in more than 150 locations
- — The location is currently undergoing the rebranding to SpeeDee Oil Change and Auto Service
