Oil Change & Auto Service Center
Offering Summary
- Sales Price $2,400,000
- NOI $144,000
- Cap Rate 6.00%
- Years Remaining 9 Years
Investment Overview
Oldham Goodwin is pleased to present the opportunity to acquire this NNN leased SpeeDee Oil Change Auto Service in College Station, TX. Nine years remain on a corporately guaranteed NNN lease with minimal Landlord responsibilities. 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 from Harvey Road surrounded by national retailers within Post Oak Mall including Conns and JCPenney.
Investment Highlights
- — Nine years remain on 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 in high retail area of College Station with traffic counts exceeding 97,000 at Harvey Road and Highway 6
- — Easy access and high visibility to the site via Harvey Road
- — Located within retail corridor across from the Post Oak Mall with retailers including Conns, Dillards, and JCPenney
- — Surrounded by student housing and within close proximity to Texas A&M University with Fall 2021 enrollment of 66,871 students
- — 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 Lube Center
