NNN Automotive Property with Car
For Sale
Contact for pricing
309 S TIMBERLAND DR, Lufkin, TX 75901
Three automotive components are leased on an absolute NNN basis through October 2033.
Property Size9,653 SF
Lot Size1.59 Acres
Price / SF$382.26
Days on Market8
Property Features for 309 S TIMBERLAND DR
General Information
Standard status
Active
Size
9,653 SF
Class
A
Lot size
1.59 Acres
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$258,290
Additional Details
Car Wash Bays
1
Amenities
oil change center
full-service car wash tunnel
detail center
Building Details
Year Built
2000
Units
3
Tenancy
Single
Listing Agency:
InvestCore Commercial, Inc.
Listed By:
Ed Colson Jr., CCIM · License #CA 01382996
Source:
Crexi
Added: Aug 28
Changed: Sep 3
Last Checked: Sep 3 at 1:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of InvestCore Commercial, Inc.
Investment Insights
Based on property information with market context.
This 9,653-square-foot automotive property includes an oil change center, a full-service car wash tunnel, and a detail center on approximately 1.59 acres. Built in 2000, the property is zoned Commercial and the car wash and detail improvements occupy a separate legal parcel.
Grease Monkey Midwest, LLC leases the entire property under an absolute NNN lease extending through October 2033, with a guarantee from Grease Monkey International, LLC. The tenant currently operates the oil change component, while the car wash and detail center are not fully operating. The lease provides 10% increases for the next 7+ years. Located at 309 S Timberland Dr in downtown Lufkin, Texas.
Grease Monkey Midwest, LLC leases the entire property under an absolute NNN lease extending through October 2033, with a guarantee from Grease Monkey International, LLC. The tenant currently operates the oil change component, while the car wash and detail center are not fully operating. The lease provides 10% increases for the next 7+ years. Located at 309 S Timberland Dr in downtown Lufkin, Texas.
Key Highlights
- 9,653 SF automotive property on approximately 1.59 acres
- Oil change center, full‑service car wash tunnel, and detail center
- 100% leased to Grease Monkey Midwest, LLC through October 2033
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$138,306
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,766,120
$2.8M
Cap Rate 7%
$1,975,800
$2.0M
Cap Rate 9%
$1,536,733
$1.5M
Market Conditions
NOI Build-Up for 9,653 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$195.8K $20.28/SF
− Vacancy
−$11.4K −$1.18/SF
EGI
$184.4K $19.10/SF
− OpEx
−$46.1K −$4.78/SF
NOI
$138.3K $14.33/SF
Area
Angelina County, TX
Vacancy
5.80%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,766,120
Cap Rate 7%
$1,975,800
Cap Rate 9%
$1,536,733
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,306 @ 7.0% cap · market cap 3.75%
Second Best
Retail
$1.87M
$1.63M – $2.18M
NOI $130,752 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,438 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
231k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Shops & Services 28%
Dining 24%
Superstores 8%
H-E-B
Groceries
64,121 visits/mo
0.4 miles
Murphy USA
Shops & Services
27,706 visits/mo
0.2 miles
Brookshire Brothers
Groceries
21,397 visits/mo
0.3 miles
Big Lots
Superstores
18,706 visits/mo
0.2 miles
Starbucks
Dining
15,704 visits/mo
0.1 miles
Demographics for 75901, TX
28,373
Population
11,290
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
159.1 sq mi
ZIP Area
178
Density / Sq Mi
$59,083
Median Household Income
$35,479
Median Earnings
$1,085
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Three automotive components are leased on an absolute NNN basis through October 2033.
Where is this nnn property located?
The property is located at 309 S TIMBERLAND DR Lufkin, TX.
What is the asking price?
The asking price for this property is $3,690,000.
What are key features of this property?
This property features: 9,653 SF automotive property on approximately 1.59 acres; Oil change center, full‑service car wash tunnel, and detail center; 100% leased to Grease Monkey Midwest, LLC through October 2033
