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Views: 138 DOM: 38 Updated: 06.04.24 Posted: 06.04.24 Status: Active

Summary

Price $1,993,000
Built/Renov 2023
Tenant Take 5 Oil Change (GL)
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,760
Lease Start 07-01-2024
#Units 44
Price/SF $1,132.39
Expiration 06-30-2039
Tenant Type Automotive
NOI $129,550
R. Term 14.11
Ownership Ground Lease
Rent/SF $73.61
Increases 7.5%/5/yrs
Pop 5Mi 28,775
Lot/AC 0.61
Options 8/5yrs/7.5%
AHHI 5Mi $78,323

Lease Highlights

  • Brand-new 2023 construction
  • Brand-new 15-year ground lease with 8 (5-year) options to extend
  • The lease features 7.5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

Take 5 Oil Change is strategically located near the signalized, hard corner intersection of Sinclair Drive and West Deyoung Street, with access to a combined daily traffic count of 28,100 vehicles. The property is surrounded by well-known national tenants, including Walmart Supercenter, Sam’s Club, Home Depot, Target, and more. Furthermore, there are several car dealerships nearby, including...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Take 5 Oil Change is an industry-leading quick lube service featuring a unique drive-thru concept that allows customers to never leave the comfort of their car. The brand offers an average...


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Listing Broker

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