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Views: 125 DOM: 307 Updated: 10.23.24 Posted: 01.30.24 Status: Active

Summary

Price $2,786,000
Built/Renov 1999
Tenant Express Oil Change
Cap Rate 5.65%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,457
Lease Start 04-11-2022
#Units 352
Price/SF $805.90
Expiration 04-10-2042
Tenant Type Automotive
NOI $157,383
R. Term 17.4
Ownership Fee Simple
Rent/SF $45.53
Increases 7.0%/3/yrs
Pop 5Mi 109,420
Lot/AC 1.26
Options 4/5yrs/7%
AHHI 5Mi $87,586

Lease Highlights

  • Express Oil Change & Tire Engineers have 17 years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 7% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee lease

Location Description

Express Oil Change is strategically located on Thornton Road, offering excellent access, visibility, and a daily traffic count of 45,900 vehicles. This property is conveniently located within an ideal auto corridor, with around 20+ auto-related tenants within walking distance, including 9 car/motorcycle dealerships. Moreover, it's within 1 mile of an I-20 on-ramp/off-ramp (with a traffic count...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Express Oil Change
  • Guarantor:Corporate
  • Company:BayPine LP
  • # Units:352
  • Stock:Private

About Tenant

Express Oil Change & Tire Engineers is an American automotive maintenance brand, with services including its signature 10-minute oil change, in addition to full-service mechanical, tires, brakes,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,803 46,126 113,043
2023 Total Population : 6,854 45,585 110,204
2023 Employed Civilian Pop : 4,045 23,760 55,542
2023 Total Businesses : 463 1,582 3,677
2023 Average Household Income : $ 65,825 $ 79,056 $ 87,488
2023 Total Consumer Spending : $ 172 M $ 1206 M $ 3163 M
2023 Median Age : 32 35 35
2023 Total Households : 2,970 17,413 41,476
2023 Pop Age 25+: Bachelor's Degree : 814 5,914 14,926
2023 Average Home Value : $ 207,680 $ 248,576 $ 265,360
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Thornton Rd W Market Cir 2003 40,230 0.04 mi
Maxham Road Creekside Cir 2021 31,500 0.40 mi
Maxham Road Creekside Cir 2019 31,600 0.40 mi
Thornton Road Westfork Blvd 2018 45,800 0.43 mi
Maxham Rd Exd Creekside Cir 2013 26,790 0.49 mi
2004 854 0.57 mi
Cardell Road Keith Dr SW 2018 5,920 0.71 mi
Cardell Road Keith Dr SW 2021 7,130 0.71 mi
Thornton Rd Blair Way 2013 59,190 0.85 mi
Old Alabama Road S Barbara Ln 2021 5,220 0.93 mi

Listing Broker

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