Take 5 Oil Change (GL)

3471 Cobb Parkway Northwest, Acworth, GA 30101

$2,137,000

Cap Rate 5.85%

Views: 102 DOM: 237 Updated: 09.05.24 Posted: 04.10.24 Status: Active 06.03.24

Summary

Price $2,137,000	Built/Renov 2019	Tenant Take 5 Oil Change (GL)
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,148	Lease Start 07-01-2024	#Units 25
Price/SF $994.88	Expiration 06-30-2039	Tenant Type Automotive
NOI $125,000	R. Term 14.7	Ownership Ground Lease
Rent/SF $58.19	Increases 10.0%/5/yrs	Pop 5Mi 126,417
Lot/AC 0.69	Options 6/5yrs/10%	AHHI 5Mi $125,459

Lease Highlights

Take 5 Oil Change will be signing a brand new 15-year ground lease with 6 (5-year) options to extend at the close of escrow
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by TWO Oil 5, LLC (25 units backed)

Location Description

Take 5 Oil Change is strategically located at the signalized, hard-corner intersection of Cobb Parkway NW and Mars Hill Road, with access to a combined daily traffic count of 69,250 vehicles. The property enjoys placement within an excellent retail corridor, surrounded by well-known national tenants such as Walmart Supercenter, Home Depot, Target, Kohl’s, Lowe’s, Kroger, and more....

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Key Features

Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Dense retail corridor
Top 100 MSA
Strong demographics
Brand new lease
Accelerated depreciation
Top performing store
25+ unit franchisee backed

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Links

Take 5 Oil Change Wikipedia Acworth, Georgia Zip Code 30101 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Franchisee
Company:TWO Oil 5, LLC
# Units:25
Tenant S&P: B+
Moody’s: B1
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 :	2,909	39,296	131,821
2023 Total Population :	2,889	38,307	127,948
2023 Employed Civilian Pop :	1,340	20,028	66,175
2023 Total Businesses :	306	1,321	3,275
2023 Average Household Income :	$ 146,740	$ 126,795	$ 134,505
2023 Total Consumer Spending :	$ 137 M	$ 1498 M	$ 5066 M
2023 Median Age :	40	39	38
2023 Total Households :	1,107	13,928	44,328
2023 Pop Age 25+: Bachelor's Degree :	574	7,868	26,654
2023 Average Home Value :	$ 480,286	$ 380,730	$ 378,329

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Cobb Pkwy NW	Mars Hill Rd NW	2007	21,220	0.17 mi
Kemp Ridge Road	Mars Hill Rd NW	2021	8,290	0.41 mi
Cobb Parkway	Ballenger Rd NW	2018	33,600	0.43 mi
Cobb Pkwy NW	Lake Acworth Dr	2013	25,590	0.64 mi
Hill Forest Trail	Hill Rd	2021	560	0.81 mi
Lake Acworth Drive	Ragsdale Rd	2019	29,900	0.88 mi
Brett Circle	Walkabout Dr NW	2018	110	1.01 mi
Brett Circle	Walkabout Dr NW	2021	180	1.01 mi
Acworth Due West Rd	Grand Oaks Dr NW	2003	9,700	1.03 mi
Mars Hill Church Rd NW	Greyfriars Ln	2005	2,060	1.06 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
28475 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
29534 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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