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Views: 92 DOM: 295 Updated: 09.18.24 Posted: 03.01.24 Status: Active

Summary

Price $725,000
Built/Renov 2019
Tenant Take 5 Oil Change
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 1,533
Lease Start 02-07-2019
#Units 1,000
Price/SF $472.93
Expiration 02-06-2034
Tenant Type Automotive
NOI $41,680
R. Term 9.1
Ownership Fee Simple
Rent/SF $27.19
Increases 10.0%/5/yrs
Pop 5Mi 13,729
Lot/AC 0.45
Options 3/5yrs/10%
AHHI 5Mi $76,882

Lease Highlights

  • Take 5 Oil Change has 9+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Take 5 Oil Change is strategically located near the signalized, hard corner intersection of E. Main St. and U.S Hwy 51, with access to a combined daily traffic count of 27,500 vehicles. Situated as an outparcel to a Tractor Supply anchored center, which also houses a McDonald’s, the property enjoys high visibility. Additionally, it resides in a dense retail corridor, surrounded by well-known...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Take 5 Oil Change
  • Guarantor:Corp T and Rated
  • Company:Driven Brands Holdings, Inc.
  • # Units:1,000
  • Tenant S&P: B+
  • Moody’s: B3
  • 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 : 482 8,702 13,562
2023 Total Population : 491 8,791 13,725
2023 Employed Civilian Pop : 172 3,988 6,610
2023 Total Businesses : 89 496 619
2023 Average Household Income : $ 70,867 $ 70,585 $ 76,895
2023 Total Consumer Spending : $ 17 M $ 242 M $ 408 M
2023 Median Age : 53 44 44
2023 Total Households : 278 3,896 6,041
2023 Pop Age 25+: Bachelor's Degree : 64 742 1,132
2023 Average Home Value : $ 200,546 $ 151,387 $ 159,095
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Main St Hwy 64 2016 10,000 0.04 mi
2019 1,500 0.08 mi
2019 4,700 0.13 mi
2019 1,700 0.18 mi
2019 4,800 0.20 mi
Pine Ridge Avenue S Pine Ridge Ave 2019 2,300 0.22 mi
E Main St Pine Ridge Ave 2007 9,300 0.23 mi
State Hwy 64 State Rd 17 2019 8,400 0.27 mi
East Main Street Eagle Dr 2019 9,800 0.34 mi
Big Eddy Rd Bluebird Ln 2019 720 0.38 mi

Listing Broker

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