115 Gibson St Jasper, TX 75951

This exceptional investment opportunity presents a 5,396 square foot Grease Monkey and Excel Car Wash located at 115 & 119 E Gibson Street, Jasper, TX 75951. The property sits on a 0.732-acre lot and boasts a strong location along Highway 190 (18,464 vehicles per day) and Highway 96 (14,267 vehicles per day), surrounded by major retailers including Walmart, Lowe's, Ashley Furniture, Dollar Tree, McDonald's, Walgreens, and O'Reilly Auto Parts. The property features a two-bay oil change building and car wash, operating under a corporate Triple Net lease with Grease Monkey International, LLC, a leading automotive oil change franchisor. The current lease, commencing October 5, 2018, and expiring October 31, 2033, has a remaining term of 8.9 years, with four 5-year renewal options and a 10% rent increase every five years. The property's Net Operating Income (NOI) is $152,345, yielding a 6.50% cap rate. Built in 2019, this asset benefits from a strong demographic profile, with a 5-mile population of 10,245 and an average household income of $70,864. Jasper, Texas, known as the "Jewel of the Forest," offers a desirable location near Sam Rayburn Lake, one of the nation's top fishing lakes. This is a rare opportunity to acquire a well-established, high-performing asset in a thriving market with significant upside potential. The asking price is $2,343,774.