Take 5 Oil Change (GL)

3201 Arden Road, San Angelo, TX 76901

$2,136,000

Cap Rate 5.15%

Views: 105 DOM: 10 Updated: 09.13.24 Posted: 09.06.24 Status: Active

Summary

Price $2,136,000	Built/Renov 2023	Tenant Take 5 Oil Change (GL)
Cap Rate 5.15%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,500	Lease Start 10-01-2023	#Units 1,000
Price/SF $1,424.00	Expiration 09-30-2043	Tenant Type Automotive
NOI $110,000	R. Term 19.0	Ownership Ground Lease
Rent/SF $73.33	Increases 10.0%/5/yrs	Pop 5Mi 94,049
Lot/AC 0.43	Options 3/5yrs/10%	AHHI 5Mi $88,492

Lease Highlights

New 2023 construction
New 20-year ground lease term with 3 (5-year) options to extend
The lease features 10% rental increases throughout the primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease (NASDAQ: DRVN)

Location Description

Take 5 Oil Change is strategically located at the signalized, hard-corner intersection of Arden Road and Sherwood Way, the primary commercial corridor with access to a combined daily traffic count of 25,708 vehicles. The property benefits from its proximity to the outdoor Shops at Sherwood and is just 6 miles from San Angelo Regional Airport. It offers convenient access from the adjacent...

...

Key Features

New construction
Dense retail corridor
Highway location
Income tax free state
Brand new lease
Long 15+ yr lease
Below Market Rent
Absolute NNN
Corporate Guarantee
Personal guarantee

...

Links

Take 5 Oil Change Wikipedia San Angelo, Texas Zip Code 76901 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Corp T and Rated
Company:Driven Brands Holdings, Inc.
# Units:1,000
Tenant S&P: B+
Stock: NASDAQ: DRVN

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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	10,710	62,909	96,920
2023 Total Population :	10,532	61,914	95,626
2023 Employed Civilian Pop :	5,600	31,105	45,071
2023 Total Businesses :	418	2,833	3,566
2023 Average Household Income :	$ 77,971	$ 79,968	$ 76,166
2023 Total Consumer Spending :	$ 285 M	$ 1804 M	$ 2550 M
2023 Median Age :	35	37	37
2023 Total Households :	4,202	25,913	38,381
2023 Pop Age 25+: Bachelor's Degree :	1,412	8,979	11,933
2023 Average Home Value :	$ 172,846	$ 222,867	$ 209,877

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Sherwood Way	N College Hills Blvd	2021	14,618	0.14 mi
Arden Road	San Antonio St	2021	10,566	0.17 mi
Arden Rd	Robin Hood Trl	2002	8,500	0.23 mi
Live Oak Street	S Garfield St	2021	1,236	0.58 mi
Arden Road	W Houston Harte Expy	2021	8,527	0.84 mi
South Johnson Street	W Ave J	2021	4,135	0.92 mi
Southwest Boulevard	Sherwood Way	2021	8,640	0.97 mi
Sherwood Way	Sunset Dr	2021	18,384	1.02 mi
	W Ave N	2021	8,250	1.04 mi
West Houston Harte Expressway	Southwest Blvd	2020	44,342	1.04 mi

Listing Broker

Edward Benton

Secure Net Lease

Contact

24 Listings
2599 Views
7 Sold

Bob Moorhead

Secure Net Lease

Contact

70 Listings
5564 Views
33 Sold

Edward Benton

With over 13 years of commercial real estate experience and a diverse investment sales background, Ed Benton advises clients in the acquisition and disposition of multi-tenant and single tenant investment properties nationwide. Ed started his career with Marcus & Millichap in 2006 and worked at a boutique retail development and brokerage company before joining Secure Net Lease in August of 2019. Ed’s wide breadth of experience working with developers and restaurant operators as well as p

...

Bob Moorhead

Bob Moorhead is a founding partner of Secure Net Lease and brings over 20 years of commercial real estate experience to the executive team. Prior to Secure Net Lease, Bob was the Managing Director of EXP Realty Advisors (formerly Kimco Exchange Place) Dallas, Texas office. While at EXP, Bob was a top producer and responsible for establishing the Dallas office, building the team and platform. Since 2011, Bob has been involved in over 600 transactions with a value exceeding $1.5 billion.

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT