Take 5 Oil Change

1503 East Florence Boulevard, Casa Grande, AZ 85122

$2,594,000

Cap Rate 6.00%

Views: 112 DOM: 329 Updated: 09.05.24 Posted: 01.09.24 Status: Active

Summary

Price $2,594,000	Built/Renov 2022	Tenant Take 5 Oil Change
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,438	Lease Start 06-01-2024	#Units 56
Price/SF $1,803.89	Expiration 05-31-2039	Tenant Type Automotive
NOI $155,648	R. Term 14.6	Ownership Fee Simple
Rent/SF $108.24	Increases 10.0%/5/yrs	Pop 5Mi 57,305
Lot/AC 0.83	Options 6/5yrs/10%	AHHI 5Mi $83,720

Lease Highlights

Brand-new 2022 state-of-the-art construction
Take 5 Oil Change will be executing a brand new 15-year lease with 6 (5-year) options to extend at close of escrow
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by T5 West Operations, LLC | High-growth operator

Location Description

Take 5 Oil Change is strategically located at the signalized, hard-corner intersection of Florence Blvd & Peart Rd, with access to a combined daily traffic count of 64,750 vehicles. This location is a top-performing store, holding the 2nd position among Take 5 system stores and ranking as the top-performing store out West. Positioned in an excellent retail corridor, the property is within...

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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Near major nationals
Top 100 MSA
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Traded and rated company
Personal guarantee

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Links

Take 5 Oil Change Wikipedia Casa Grande, Arizona Zip Code 85122 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Franchisee
Company:T5 West Operations, LLC
# Units:56
Tenant S&P: B+
Moody’s: B3
Stock: NASDAQ: DRVN

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 :	8,835	45,065	62,309
2023 Total Population :	8,873	41,671	57,305
2023 Employed Civilian Pop :	4,114	18,126	25,146
2023 Total Businesses :	307	1,194	1,400
2023 Average Household Income :	$ 88,499	$ 82,746	$ 83,720
2023 Total Consumer Spending :	$ 274 M	$ 1138 M	$ 1563 M
2023 Median Age :	40	38	38
2023 Total Households :	3,551	15,724	21,350
2023 Pop Age 25+: Bachelor's Degree :	691	3,299	4,737
2023 Average Home Value :	$ 228,900	$ 259,086	$ 259,638

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Peart Road	E Florence Blvd	2018	6,773	0.03 mi
North Peart Road	E Florence Blvd	2019	12,450	0.03 mi
E Florence Blvd	N Peart Rd	2013	21,670	0.03 mi
E Florence Blvd	N Peart Rd	2014	25,399	0.09 mi
East Florence Boulevard	N Peart Rd	2019	25,055	0.12 mi
N Peart Rd	E Florence Blvd	2013	8,300	0.12 mi
E Florence Blvd	N Peart Rd	2018	23,930	0.13 mi
N Peart Rd	E Florence Blvd	2016	6,383	0.13 mi
North Peart Road	E Florence Blvd	2019	6,531	0.13 mi
East Florence Boulevard	N Peart Rd	2019	32,101	0.14 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
28477 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
29536 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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