Take 5 Oil Change

5503 Villa Rd NW (55th Street NW & Chateau Rd NW), Rochester, MN 55901

$2,986,000

Cap Rate 7.00%

Views: 102 DOM: 313 Updated: 09.12.24 Posted: 11.10.23 Status: Active

Summary

Price $2,986,000	Built/Renov 2023	Tenant Take 5 Oil Change
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,750	Lease Start 12-31-2023	#Units 1
Price/SF $1,706.29	Expiration 12-31-2039	Tenant Type Automotive
NOI $209,000	R. Term 15.3	Ownership Fee Simple
Rent/SF $119.43	Increases 2.0%/1/yrs	Pop 5Mi 86,540
Lot/AC 1.14	Options 4/5yrs/2%	AHHI 5Mi $115,755

Lease Highlights

Brand-new 2023 construction
Take 5 Oil Change recently signed a brand-new 16-year lease with 4 (5-year) options to extend
Lease features 2% annual rental increases throughout the initial term and each option
Absolute NNN lease | Zero landlord responsibilities
Personally guaranteed lease

Location Description

The Take 5 is located at the signalized, hard corner intersection of Chateau Rd. NW and 55th St NW (26,200 VPD), and benefits from direct on/off ramp access to U.S. Hwy 52 & 63, a major thoroughfare averaging over 61,000 vehicles per day. The asset is directly across from a Walmart Supercenter anchored center, providing a strong consumer draw to the immediate area. Furthermore, the subject...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Highway close
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Personal guarantee

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Links

Take 5 Oil Change Wikipedia Rochester, Minnesota Zip Code 55901 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Franchisee
Company:Ironside Operations
# Units:1
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...

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Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

398 Listings
34748 Views
160 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

347 Listings
31466 Views
131 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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