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Grease Monkey
921 Pioneer Road, Pendleton, SC 29670, USA
Sands Investment Group is pleased to exclusively offer for sale the 2,304 SF Grease Monkey Absolute NNN Asset located at 921 Pioneer Road in Pendleton, SC. This offering features a long-term lease with 14 years remaining on an Absolute Triple Net (NNN) lease, ensuring zero landlord responsibilities. The property is situated in a dense and growing trade area, with a population exceeding 102,000 residents within a 10-mile radius.
- Long-Term Lease Security: 14 years remaining on an Absolute Triple Net (NNN) lease, providing zero landlord responsibilities.
- Lease Guaranty: Backed by a single-unit franchisee paired with a personal guaranty.
- Dense and Growing Trade Area: Population exceeds 102,000 residents within a 10-mile radius.
- Proximity to Clemson University: Just miles from campus, benefiting from steady demand and student/faculty traffic, allowing for high traffic counts of over 19,000 vehicles per day.
- Strong Sales: This location was awarded the 2nd highest sales for Grease Monkey franchise stores throughout the Southeast region.
- Surging Local Development: Located in a rapidly evolving region featuring new residential, retail, and commercial developments and increasing customer traffic.
- Nearby Retailers Include: Food Lion anchored shopping center, Subway, CVS, Burger King, Dollar General, QuikTrip, Bojangles, Zaxby’s, Circle K, and Dunkin’.
In Cooperation With Sands Investment Group Charleston, LLC – Lic.#20891 BoR: Chris Sands – Lic. SC #93103
Grease Monkey
921 Pioneer Road, Pendleton, SC 29670, USA
GREASE MONKEY
Grease Monkey International, Inc. is an independent American franchisor of automotive service centers offering oil changes, preventive maintenance, and other car care services. Founded in 1978 and headquartered in Denver, Colorado, the Grease Monkey® brand currently operates more than 500 centers internationally with operations in Mexico, China, Colombia, and Saudi Arabia. Grease Monkey® is the nation’s largest independent franchisor of automotive oil change centers.
Grease Monkey has been ranked in Entrepreneur’s Franchise 500 many times since its inception. Grease Monkey® International, LLC is the nation’s largest independent franchisor of automotive oil change centers, serving more than 2 million customers each year. Initially, Grease Monkey International, Inc. operated as a subsidiary of Grease Monkey Holding Corporation. On December 31, 2013, Grease Monkey Holding Corporation was merged into Grease Monkey International, with Grease Monkey International being the surviving corporation.
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Price
$1,419,323
Cap Rate
6.50%
PREMISES
2,304 SF
RENEWAL OPTIONS
4 x 5 Year Options
Lease Expiration
09/30/2039
Lease Type
Absolute NNN
RENTAL INCREASES
2.5% Annual Increases in Years 1-5, Followed by 10% Every 5 Years
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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