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

  • Grease Monkey Manchester is among the top 5 performing locations in Grease Monkey’s 500+ location portfolio

  • Grease Monkey dba “Economy Oil Change” has been in business in the Manchester Community ever since 1980 operating as Economy Oil Change

  • Local Population is almost 130,000 Residents in a 5 Mile Radius

  • The Lease features an Attractive Rental Structure of 10% Increases every 5 years, providing a hedge against inflation

  • 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

  • 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.

  • Broad Street can expect an average traffic count of over 15,000 cars per day

  • 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.

  • The Auto Repair Industry is worth an estimated $372 Billion with $38 Billion estimated to come from the oil change industry alone

  • 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
  • Price: $2,092,933
  • CAP Rate: 6.00% 
  • Proforma CAP Rate: 6.60%
  • Leasable Area: 2,640 SF
  • Status: Available
  • Lease Type: Triple Net (NNN)
  • Lease Term Remaining: 12 Years 
  • Guarantee: Corporate
  • NOI: $125,576 / Year
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Armand Dowlati

Phone:  (949) 419-3398

Mobile: (614) 946-2594


Lic. # 02114921


Neil Naran

Phone:  (909) 456-3476

Mobile: (949) 842-9202


Lic. # 02025512

See Our

Deals  & Reports First

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. 

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