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Views: 129 DOM: 333 Updated: 10.18.24 Posted: 01.05.24 Status: Active

Summary

Price $2,149,000
Built/Renov 2022
Tenant Take 5 Oil Change
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,438
Lease Start 02-01-2023
#Units 11
Price/SF $1,494.44
Expiration 01-31-2038
Tenant Type Automotive
NOI $128,931
R. Term 13.2
Ownership Fee Simple
Rent/SF $89.66
Increases 10.0%/4/yrs
Pop 5Mi 45,868
Lot/AC 0.73
Options 6/5yrs/10%
AHHI 5Mi $53,354

Lease Highlights

  • Brand-new state-of-the-art construction | Tenant opened in December 2022
  • New, 15-year lease with 10% rent increases every 5 years, beginning in year 11
  • Absolute triple net lease | Zero landlord responsibilities
  • Full-term guarantee from a high-growth operator on track for ±11 locations in this territory by end of 2023

Location Description

This brand-new, state-of-the-art construction, net leased Take 5 property was constructed in December 2022 in the high growth area at Highway 95 and Hancock Rd., which has a traffic count of approximately 42,700 VPD. The property site is easily accessible and visible from Highway 95, which is a main retail corridor serving Bullhead City. The subject property is an outparcel to City Square...

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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 : 5,170 34,471 47,091
2023 Total Population : 5,241 34,563 47,209
2023 Employed Civilian Pop : 1,830 12,910 17,220
2023 Total Businesses : 419 1,108 1,492
2023 Average Household Income : $ 48,227 $ 56,646 $ 62,131
2023 Total Consumer Spending : $ 100 M $ 788 M $ 1186 M
2023 Median Age : 55 53 54
2023 Total Households : 2,362 15,827 21,776
2023 Pop Age 25+: Bachelor's Degree : 316 2,201 3,201
2023 Average Home Value : $ 187,500 $ 217,402 $ 265,306
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hwy 95 Alta Vista Rd 2002 30,680 0.10 mi
Mohave Valley Highway Rainbow Dr 2021 31,747 0.25 mi
SR 95 Sherryn Dr 2020 27,946 0.25 mi
Hancock Road Hancock Rd 2019 19,474 0.32 mi
Marina Boulevard Alona's Way 2019 12,193 0.41 mi
Miracle Mile Black Mountain Rd 2019 3,598 0.43 mi
Trane Road Alona's Way 2019 2,525 0.44 mi
Marina Boulevard Trane Rd 2019 10,184 0.53 mi
Hwy 95 Marina Blvd 2002 30,000 0.54 mi
Mohave Valley Highway Ramar Rd 2021 32,732 0.61 mi

Listing Broker

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