Grease Monkey 123 W Prairie View Rd Local commercial 406 m² À vendre Chippewa Falls, WI 54729 691 534 € (1 701,40 €/m²) Taux de capitalisation 6,35 %

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Grease Monkey located at 123 W Prairie View Drive, Chippewa Falls, Wisconsin. The single tenant net lease asset is 100% occupied by Grease Monkey, who maintains over 10 years of remaining lease term plus three renewal options, each with a 10% rent increase. The 4,375 SF building was constructed in 1998 and sits on 0.48 acres of land.
Grease Monkey, a FullSpeed Automotive brand, is currently implementing an aggressive expansion strategy aimed at doubling its footprint within the next three years. With more than 500 locations across North America and operations in six countries internationally, the company has demonstrated resilience through over five decades of business cycles and market changes. Grease Monkey remains focused on expanding its geographical presence and growing its customer base.
The property enjoys a prime location within an established retail corridor featuring popular destinations including Walgreens, Subway, U-Haul, Kwik Trip, and McDonald's. This strategic positioning capitalizes on impressive daily traffic counts of over 13,000 vehicles along WI Highway 124 and 3,410 vehicles on Woodward Ave. The three-mile radius demographic profile is compelling, with population growth above the national average and household incomes averaging over $87,000, indicating both strong customer density and substantial spending power. Additionally, the site's advantageous location between Chippewa Falls and Eau Claire enhances business operations and strengthens the existing customer base by offering convenient access for travelers in the area.
With the return of 100% bonus depreciation, this asset offers an even more compelling investment opportunity. Investors can fully depreciate the building improvements in year one, creating a substantial upfront tax shield. This accelerates cost recovery, boosts after-tax cash flow, and enhances overall returns, adding meaningful value beyond the property's strong real estate fundamentals.
Please refer to the OM for more information on this investment opportunity.