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Views: 160 DOM: 115 Updated: 10.25.24 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 18.9
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
  • 10% rental increases every 5 years 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...

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Maps

  • 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+
  • Moody’s: B3
  • 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...


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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

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