Take 5 Oil Change

913 East Huntington Drive, Monrovia, CA 91016

$1,995,000

Cap Rate 5.51%

Views: 301 DOM: 301 Updated: 09.12.24 Posted: 01.25.24 Status: Active

Summary

Price $1,995,000	Built/Renov 1974/2023	Tenant Take 5 Oil Change
Cap Rate 5.51%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 824	Lease Start 04-01-2024	#Units 1
Price/SF $2,421.12	Expiration 03-31-2039	Tenant Type Automotive
NOI $110,000	R. Term 14.4	Ownership Fee Simple
Rent/SF $133.50	Increases 10.0%/5/yrs	Pop 5Mi 331,499
Lot/AC 0.22	Options 4/5yrs/10%	AHHI 5Mi $121,414

Lease Highlights

Take 5 Oil Change recently executed a brand new 15-year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Franchisee

Location Description

The Take 5 Oil Change is located near the signalized, hard corner intersection of E. Huntington Dr. and Mountain Ave. with a combined traffic count of 54,900 vehicles passing by daily. The property benefits from nearby direct on/off ramp access to Interstate 210, a major thoroughfare averaging over 256,000 vehicles per day. Furthermore, it is ideally situated in a dense retail corridor, with...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Personal guarantee

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Links

Take 5 Oil Change Wikipedia Monrovia, California Zip Code 91016 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Franchisee
Company:Franchisee
# Units:1
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 :	21,288	101,739	331,757
2023 Total Population :	20,499	99,166	331,499
2023 Employed Civilian Pop :	9,535	47,688	156,499
2023 Total Businesses :	1,263	5,515	12,763
2023 Average Household Income :	$ 99,660	$ 128,326	$ 121,414
2023 Total Consumer Spending :	$ 602 M	$ 3700 M	$ 10609 M
2023 Median Age :	39	41	38
2023 Total Households :	7,104	34,311	103,466
2023 Pop Age 25+: Bachelor's Degree :	2,731	20,001	53,440
2023 Average Home Value :	$ 762,629	$ 951,560	$ 925,231

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
E Huntington Dr	Bradbury Ave	2006	30,400	0.09 mi
Mountain Ave	Bloomdale St	2005	24,500	0.11 mi
Mountain Ave	Royal Oaks Dr	2006	16,490	0.12 mi
E Huntington Dr	E Cypress Ave	2006	28,530	0.19 mi
Mountain Ave	Bloomdale St	2006	24,840	0.21 mi
E Huntington Dr	Bradbury Ave	2005	26,530	0.27 mi
Royal Oaks Dr	Bradbury Rd	2005	10,650	0.28 mi
Shamrock Ave	Los Angeles Ave	2001	7,229	0.31 mi
Foothill Freeway	I- 210	2021	216,000	0.32 mi
Evergreen St	E Evergreen Ave	2005	14,323	0.33 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
42201 Views
137 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
46306 Views
165 Sold

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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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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