Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a Grease Monkey located in the Stillwater, Minnesota, which is within the Minneapolis-St.Paul MSA. The investment features a 15 year absolute net lease with a tenant that has nearly 50 years of operational history and a strong national and international presence. The property is ideally situated on a retail corridor, visible from Stillwater Blvd, the main north-south roadway in the city. This triple net investment presents a unique opportunity to obtain steady, reliable cash flows while having minimal landlord responsibilities.
SINGLE-TENANT ABSOLUTE NET LEASE WITH ALMOST 15 YEARS REMAINING
This absolute triple net lease obligates the tenant to pay for all expenses involving the property including reimbursement for capital expenditures
WELL POSITIONED OFF OF STILLWATER BLVD & MINNESSOTA STATE HIGHWAY 36
Stillwater Blvd and MN-36 serve over 14,000 and 37,000 vehicles per day, respectively. MN-36 is the primary roadway linking Stillwater with the Twin Cities metro
RESPECTED BRAND WITH HISTORY OF SUCCESS
Grease Monkey has a history of nearly 50 years of operational success and a strong national presence with over 700 locations and an international presence in 5 foreign countries
DENSE RETAIL CORRIDOR
The site is located on a retail corridor running parallel to the Stillwater Blvd. The property is walking distance from Stillwater Marketplace, which hosts retail giants such as Cub Foods, Target, Dollar Tree, Petco, and CVS.
The average household income within a five mile radius is over $141,000, 22% higher than the national average
The property is located within the Minneapolis-St. Paul MSA just 20 minutes from St. Paul’s CBD