Take 5 Oil Change

5235 East 64th Street, Indianapolis, IN 46220

$1,241,000

Cap Rate 7.25%

Views: 1697 DOM: 325 Updated: 09.05.24 Posted: 01.31.24 Status: Active 05.21.24

Summary

Price $1,241,000	Built/Renov 2000/2020	Tenant Take 5 Oil Change
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,389	Lease Start 06-01-2024	#Units 23
Price/SF $519.46	Expiration 05-30-2035	Tenant Type Automotive
NOI $90,000	R. Term 10.5	Ownership Fee Simple
Rent/SF $37.67	Increases 10.0%/5/yrs	Pop 5Mi 203,184
Lot/AC 0.24	Options 4/5yrs/10%	AHHI 5Mi $99,338

Lease Highlights

Take 5 Oil Change will be executing brand-new 11-year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Baldwin Capital Partners

Location Description

Take 5 Oil Change is strategically located on Binford Blvd, offering excellent visibility and access to 39,300 vehicles passing by daily. The property is home to well-known national tenants, including Ace Hardware, Big Lots, Dollar General, Hardee's, Starbucks, and more. Moreover, it is directly adjacent to the Industrial Areas Office Park. In the vicinity, there are several educational...

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Key Features

Recent renovation
Build to suit
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Brand new lease
Long 10+ yr lease
Accelerated depreciation
Personal guarantee

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Links

Take 5 Oil Change Wikipedia Indianapolis, Indiana Zip Code 46220 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Franchisee
Company:Baldwin Capital Partners
# Units:23
Tenant S&P: B+
Moody’s: B3
Stock: NASDAQ: DRVN

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 :	6,900	69,731	202,764
2023 Total Population :	6,854	70,065	203,184
2023 Employed Civilian Pop :	4,072	39,342	110,035
2023 Total Businesses :	476	3,744	10,211
2023 Average Household Income :	$ 121,134	$ 103,125	$ 99,338
2023 Total Consumer Spending :	$ 307 M	$ 2905 M	$ 7865 M
2023 Median Age :	39	40	38
2023 Total Households :	2,954	32,523	91,185
2023 Pop Age 25+: Bachelor's Degree :	1,916	16,600	42,222
2023 Average Home Value :	$ 329,433	$ 295,361	$ 280,033

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Binford Blvd	Rucker Rd	2009	34,362	0.04 mi
Binford Boulevard	E 65th St	2021	35,894	0.17 mi
Rucker Road	E 62nd St	2021	1,016	0.19 mi
E 65th St	Grattan Ln	2009	4,523	0.33 mi
Green Leaves Road	E 65th St	2021	4,425	0.40 mi
Ashurst Street	Knyghton Rd	2021	2,162	0.49 mi
Binford Boulevard	Graham Rd	2021	34,168	0.70 mi
Graham Rd	Wyckfield Way	2009	4,026	0.71 mi
E 65th Pl	Graham Rd	2007	1,498	0.72 mi
Allisonville Road	E 64th St	2018	35,482	0.72 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
30222 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
31362 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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