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Views: 102 DOM: 329 Updated: 09.05.24 Posted: 12.28.23 Status: Active

Summary

Price $2,621,000
Built/Renov 2022
Tenant Take 5 Oil Change
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,438
Lease Start 04-01-2024
#Units 56
Price/SF $1,822.67
Expiration 03-31-2039
Tenant Type Automotive
NOI $157,257
R. Term 14.4
Ownership Fee Simple
Rent/SF $109.36
Increases 10.0%/5/yrs
Pop 5Mi 297,469
Lot/AC 0.31
Options 6/5yrs/10%
AHHI 5Mi $93,464

Lease Highlights

  • New 2022 construction
  • Take 5 Oil change will be signing a brand-new 15-year lease with 6 (5-year) options to extend upon close of escrow
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by T5 West Operations, LLC (56 units backed)

Location Description

Take 5 Oil Change is strategically located at the signalized, hard corner intersection of Montgomery Blvd and San Pedro Dr, with excellent visibility and access to a combined daily traffic count of 89,800 vehicles. The property is conveniently located just a few blocks from Del Norte High School, which has a student population of 1,050. Additionally, it is half a mile from Montgomery Plaza 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 : 15,892 111,011 293,212
2023 Total Population : 16,433 112,717 297,469
2023 Employed Civilian Pop : 8,133 54,561 143,466
2023 Total Businesses : 892 7,917 15,867
2023 Average Household Income : $ 82,360 $ 87,248 $ 93,464
2023 Total Consumer Spending : $ 574 M $ 4031 M $ 11030 M
2023 Median Age : 37 42 41
2023 Total Households : 7,940 53,226 136,309
2023 Pop Age 25+: Bachelor's Degree : 2,823 18,521 48,193
2023 Average Home Value : $ 301,676 $ 292,273 $ 322,598
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
San Pedro Drive Northeast Penelope Pl 2022 9,909 0.14 mi
Montgomery Blvd NE Marla Dr NE 2017 34,000 0.21 mi
Montgomery Blvd NE 2022 32,492 0.23 mi
FL-4018-P Andrew Dr NE 2021 31,761 0.23 mi
San Pedro Drive Northeast Ponderosa Ave NE 2022 9,908 0.23 mi
Montgomery Blvd NE Madeira Dr NE 2017 37,900 0.24 mi
Montgomery Boulevard Northeast Madeira Dr NE 2022 36,611 0.28 mi
San Pedro Blvd NE Rogers Ave NE 2017 9,400 0.28 mi
San Pedro Blvd NE Topke Pl NE 2017 13,100 0.29 mi
FL-4053-P Northland Ave NE 2021 7,260 0.41 mi

Listing Broker

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