Grease Monkey - Chippewa Falls_Property for Sale
Grease Monkey - Chippewa Falls_Property for Sale

Grease Monkey - Chippewa Falls

123 West Prairie View Road, Chippewa Falls, WI, 54729, US

Description

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.

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Attributes

Asking price
₫21,258,914,000
Cap rate
6.35%
NOI
₫1,349,943,000
Building area net
406 m²
Land area net
0.19 ha
Occupancy
100%
Year built
1998
WALT
10.7 years

Media

Investment Highlights

100% BONUS DEPRECIATION

• Investors can fully depreciate property improvements in year one, creating a significant upfront tax shield and boosting after-tax cash flow

• Immediate cost recovery improves overall investment returns and reduces tax liability (consult accounting professional for detailed analysis)


LONG-TERM NNN LEASE STRUCTURE

• Over 10 years left on a 15-year NNN lease, offering stability and minimal Landlord expense responsibilities

• The lease guarantees rent growth with 10% rent bumps every five years, increases which continue through the three option periods


AGGRESSIVE NATIONAL EXPANSION

• Actively executing a strategic growth plan to double its location count within just three years, demonstrating exceptional corporate momentum

• Substantial expansion trajectory reflects strong consumer demand and financial health


STRONG DEMOGRAPHICS

• Within a three-mile radius, the expected population growth rate is above the national rate, showing above-average customer density metrics for this location

• With $87,000+ average household income and a low unemployment rate, there is exceptional consumer spending potential in this market


LOCATED DIRECTLY OFF WI-124

• Just 600 ft from WI Highway 124, which connects Chippewa Falls to Eau Claire and sees over 13,000 VPD

• The property is also located on a hard corner and is visible from Woodward Ave, which sees 3,410 VPD pass through

Grease Monkey - Chippewa Falls 4_Property for Sale
Grease Monkey - Chippewa Falls 4_Property for Sale

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Grease Monkey - Chippewa Falls (0 Properties)

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Last updated
7 Aug 2025