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Views: 237 DOM: 500 Updated: 09.22.24 Posted: 07.21.23 Status: Active

Summary

Price $2,995,000
Built/Renov 2023
Tenant Take 5 Oil Change
Cap Rate 5.51%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,700
Lease Start 12-01-2023
#Units 1
Price/SF $1,761.76
Expiration 11-30-2038
Tenant Type Automotive
NOI $165,000
R. Term 14.0
Ownership Fee Simple
Rent/SF $97.06
Increases 10.0%/5/yrs
Pop 5Mi 337,605
Lot/AC 0.58
Options 3/5yrs/10%
AHHI 5Mi $97,445

Lease Highlights

  • Brand-new 2023 construction
  • Brand-new long-term 15-year lease with 3 (5-year) options to extend
  • Lease features 10% rental increases every 5 years during the initial term
  • Absolute NNN lease I Zero landlord responsibilities
  • Franchisee guaranteed by MEQ T5

Location Description

Take 5 Oil Change is located at the signalized, hard corner intersection of W. Sunset Road and Whitney Ranch Drive with a combined 32,000 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 515, a major thoroughfare. The subject property has excellent visibility via significant street frontage and multiple points of ingress/egress. It is positioned...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Established in 1984, 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 16,634 154,836 348,223
2023 Total Population : 16,623 151,931 339,950
2023 Employed Civilian Pop : 8,669 76,679 163,850
2023 Total Businesses : 892 4,835 12,212
2023 Average Household Income : $ 88,444 $ 93,383 $ 94,544
2023 Total Consumer Spending : $ 515 M $ 4900 M $ 11153 M
2023 Median Age : 39 38 40
2023 Total Households : 6,708 60,328 135,856
2023 Pop Age 25+: Bachelor's Degree : 2,523 20,404 46,781
2023 Average Home Value : $ 389,073 $ 419,598 $ 430,798
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Whitney Ranch Dr W Sunset Rd 2002 9,250 0.07 mi
W Sunset Rd Chandler St 2017 29,000 0.19 mi
West Sunset Road Chandler St 2021 30,000 0.31 mi
Whitney Ranch Drive la Brea Rd 2021 8,850 0.51 mi
W Warm Springs Rd Annabelle 2017 26,000 0.55 mi
Bluffs Dr Raindance Dr 2002 1,050 0.56 mi
West Warm Springs Road Arroyo Grande Blvd 2021 24,200 0.57 mi
Arroyo Grande Blvd W Warm Springs Rd 2017 12,000 0.61 mi
N Stephanie St W Warm Springs Rd 2017 33,000 0.62 mi
North Stephanie Street W Warm Springs Rd 2021 33,000 0.62 mi

Listing Broker

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