

Grease Monkey (Manchester, CT)
315 Broad St, Manchester, CT 06040

Investment Highlights
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Grease Monkey Manchester is among the top 5 performing locations in Grease Monkey’s 500+ location portfolio
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Grease Monkey dba “Economy Oil Change” has been in business in the Manchester Community ever since 1980 operating as Economy Oil Change
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Local Population is almost 130,000 Residents in a 5 Mile Radius
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The Lease features an Attractive Rental Structure of 10% Increases every 5 years, providing a hedge against inflation
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Lower risk Investment: With a triple net lease, the tenant assumes much of the risk associated with property ownership, such as fluctuations in property taxes and unexpected repairs or maintenance costs
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Predictable income: With a triple net lease, the tenant is responsible for paying all of the property's operating expenses, so the landlord can expect a consistent rental income each month.
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Broad Street can expect an average traffic count of over 15,000 cars per day
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In addition to oil change services, Grease Monkey offers alignments, battery, check engine light, diagnostic services, radiator services, state inspection tire services, windshield repair and much more.
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The Auto Repair Industry is worth an estimated $372 Billion with $38 Billion estimated to come from the oil change industry alone
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Subject Property is Adjacent a Large Shopping Center and many national retailers such as; Planet Fitness, Dollar Tree, Sally Beauty, Stop and Shop, CVS, Wendy’s, Family Dollar, Save a lot, Auto Zone, McDonalds, Bank of America, DTLR, Rainbow and more
Property Summary
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Price: $2,092,933
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CAP Rate: 6.00%
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Proforma CAP Rate: 6.60%
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Leasable Area: 2,640 SF
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Status: Available
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Lease Type: Triple Net (NNN)
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Lease Term Remaining: 12 Years
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Guarantee: Corporate
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NOI: $125,576 / Year
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Armand Dowlati
Phone: (949) 419-3398
Mobile: (614) 946-2594
Email: Armand.Dowlati@Marcusmillichap.com
Lic. # 02114921

Neil Naran

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The Naran Group of Marcus & Millichap is a net lease investment group. Marcus & Millichap is the most dominant brokerage group in the country with more than 80+ offices and nearly 2,000 agents throughout the US and Canada. Marcus & Millichap currently closes more transactions than any other firm.