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Views: 21 DOM: 64 Updated: 04.12.24 Posted: 03.14.24 Status: Active

Summary

Price $1,961,000
Built/Renov 2023
Tenant Take 5 Oil Change (GL)
Cap Rate 6.20%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,438
Lease Start 04-01-2024
#Units 20
Price/SF $1,363.70
Expiration 03-31-2039
Tenant Type Automotive
NOI $121,560
R. Term 14.10
Ownership Ground Lease
Rent/SF $84.53
Increases 10.0%/5/yrs
Pop 5Mi 99,977
Lot/AC 0.59
Options 3/5yrs/10%
AHHI 5Mi $79,228

Lease Highlights

  • New 2023 construction
  • Take 5 Oil Change will be executing a brand new 15-year ground lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Operated by Claycon Oil, LLC, a franchisee that has 12 locations open with an additional 8 under development, soon to be a 20+ unit operator

Location Description

Take 5 Oil Change is strategically located at a signalized, hard corner intersection of Highway 17 and Palmetto Pointe Blvd., with access to a substantial combined daily traffic count of 84,000 vehicles. The property is ideally positioned just off Hwy 17, with a traffic count of 75,700 VPD. Additionally, it offers excellent visibility and multiple points of access, ensuring ease and...

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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 : 10,244 54,430 106,948
2023 Total Population : 9,711 50,804 100,093
2023 Employed Civilian Pop : 4,130 22,613 44,958
2023 Total Businesses : 331 1,688 4,197
2023 Average Household Income : $ 83,138 $ 84,355 $ 79,199
2023 Total Consumer Spending : $ 332 M $ 1601 M $ 2997 M
2023 Median Age : 36 40 40
2023 Total Households : 4,598 21,912 43,487
2023 Pop Age 25+: Bachelor's Degree : 1,351 7,060 13,348
2023 Average Home Value : $ 278,056 $ 267,606 $ 268,548
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Palmetto Pointe Boulevard Ridge Dr 2021 8,300 0.38 mi
Farrow Parkway Orchard Dr 2021 13,600 0.83 mi
Socastee Blvd Folly Rd 2010 24,600 0.90 mi
US Hwy 17 Byp Dick Pond Rd 2010 41,700 0.97 mi
Socastee Boulevard Cimmeron Dr 2022 27,500 1.10 mi
Socastee Boulevard Brandymill Blvd 2021 25,000 1.10 mi
Mark Garner Highway Brookton Cir 2022 44,100 1.71 mi
Dick Pond Road Hidden Woods Dr 2022 30,500 2.01 mi
Mark Garner Highway Harbour Towne Dr 2022 75,700 2.11 mi
Mark Garner Highway Stacey Rd 2021 45,100 2.11 mi

Listing Broker

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