Grease Monkey

Parker, CO

Property Highlights

  • 10.5+ YEARS REMAINING ON ABSOLUTE TRIPLE NET (NNN) LEASE
  • CORPORATE GUARANTEE FROM GREASE MONKEY INTERNATIONAL (300+ UNITS)
  • RENT INCREASE FROM 7.50%-12.50% BASED ON CPI ON 05/01/2021 AND 05/01/2026
  • UNDER MARKET RENT, BELOW REPLACEMENT COST
  • ESSENTIAL BUSINESS THAT IS INTERNET AND RECESSION RESISTANT
  • LOCATED IN DOMINANT RETAIL CORRIDOR WITH HIGH VISIBILITY AND EASY ENTRY AND EGRESS
  • MEDIAN HOUSEHOLD INCOME OF $132,000 WITHIN A 3-MILE RADIUS
  • PARKER, COLORADO IS A GROWING COMMUNITY IN THE DENVER MSA AND HAS A POPULATION OF 55,000+
  • Price: $1,090,000
  • Lot Size: .59
  • Cap Rate: 5.50%
  • Lease Type: Absolute Triple Net (NNN)
  • Year Built: 2002
  • Building SF: 2,847
  • Status: Sold
  • Guarantor: Corporate

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