Kwik Kar

Long Term Lease: There are over 16 years remaining on the initial lease term, followed by four (4) additional 5-year options.
Corporate Guarantee: The lease is guaranteed by MOP GM Holding, LLC, the parent entity of FullSpeed Automotive. FullSpeed oversees 900+ Grease Monkey®, SpeeDee®, and Kwik Kar® service centers nationwide and is backed by MidOcean Partners, a private equity firm with $11 Billion in assets under management.
Income Tax Free State: The subject property is located in the state of Texas which is one of the 9 states in the US to offer no income tax.
Annual Rental Increases: Rent increases annually at the greater of 2% or CPI (capped at 6%), providing a strong hedge against inflation throughout the base term and options.
Passive Absolute NNN Lease: Zero landlord responsibilities. The tenant is responsible for all operating expenses, making this a truly passive investment.
High-Traffic, Prime Location: The property benefits from excellent visibility on Preston Road (±50,883 VPD) with monument signage and is positioned less than 2.5 miles from Stonebriar Centre (±200-store mall). The site also benefits from being located less than a mile from Collin College Frisco Campus (8,500 students) and Lebanon Trail High School (2,100 students).
Affluent Demographics: This asset caters to more than 328,000 residents with an average household income of over $171K within a 5-mile radius of the site.
Bonus Depreciation: The property qualifies for accelerated depreciation, including bonus depreciation, offering investors significant tax advantages in the early years of ownership. These incentives enhance after-tax cash flow and improve overall investment returns, making this asset especially attractive for buyers seeking efficient tax treatment on real estate holdings. (Consult CPA)

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Patrick Graham