Grease Monkey - Tenant Overview

Founded in 1978 in Denver, Colorado, Grease Monkey has grown into a leading independent franchisor of automotive oil change centers. With a presence in countries like Mexico, China, Colombia, and Saudi Arabia, Grease Monkey operates numerous centers globally and plans to expand by over 150 units in 2022. The brand is known for its fast and precise oil change services, provided by highly trained technicians certified through their proprietary program.

For landlords, Grease Monkey's franchise model is a key consideration. Many centers are franchisee-owned, operated by entrepreneurs from diverse backgrounds. This not only supports local communities but also encourages consistent, high-quality service across locations. Recently, Grease Monkey, under FullSpeed Automotive®, has expanded its footprint with acquisitions in cities like Charlotte, NC, and Texas City, TX.

Financially, the company shows robust growth under the FullSpeed Automotive® brand, which owns over 900 units. This aggressive expansion strategy, aiming for 1,000 units by the end of 2023, signifies financial stability and a strong market position.

Real estate-wise, Grease Monkey typically selects locations that can accommodate its service model, focusing on accessibility and visibility. Their sites often require specific layouts to facilitate efficient automotive services. This consideration is crucial for landlords looking to lease to Grease Monkey, as it ensures a fit between the property and tenant needs.

In summary, Grease Monkey represents a strong tenant opportunity in commercial real estate. Its brand strength, consistent service quality, and franchise model make it an attractive option for landlords. With its ongoing expansion and financial stability, Grease Monkey demonstrates potential for long-term tenancy and growth, although it's important to consider the specific real estate needs tied to its service model.