Take 5 Oil Change (GL)

604 Highway 53, Calhoun, GA 30701

$1,364,000

Cap Rate 5.50%

Views: 82 Updated: 12.04.23 Posted: 10.27.23 Status: Inactive

Summary

Price $1,364,000	Built/Renov 2022	Tenant Take 5 Oil Change (GL)
Cap Rate 5.50%	Lease Type NN+	Guarantor Franchisee
Size/SF 1,462	Lease Start 02-01-2024	#Units 18
Price/SF $932.97	Expiration 01-31-2034	Tenant Type Automotive
NOI $75,000	R. Term 9.2	Ownership Ground Lease
Rent/SF $51.30	Increases 10.0%/5/yrs	Pop 5Mi 33,414
Lot/AC 0.61	Options 6/5yrs/10%	AHHI 5Mi $72,040

Lease Highlights

Brand-new, state-of-the-art 2022 construction | Site is open and operating
New, 10-year ground lease with 10% rent increases every 5 years throughout the initial term and options
Favorable NN+ lease with landlord responsible for roof and structure
Tenant received Take 5 Oil's 2022 Franchisee of the Year

Location Description

Take 5 Oil Change is strategically situated at the signalized, hard-corner intersection of Highway 53 and Richardson Road, providing excellent access and visibility, with a combined daily traffic count of 34,260 vehicles. It is conveniently located just a few blocks from I-75, which sees a daily traffic count of 73,000 vehicles. Adjacent to this site is a newly developed Cook Out restaurant....

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Major MSA
Brand new lease
Long 10+ yr lease
Accelerated depreciation
Favorable NN+ lease
Personal guarantee

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Links

Take 5 Oil Change Wikipedia Calhoun, Georgia Zip Code 30701 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:18
Tenant S&P: BBB-
Moody’s: B2
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 :	1,612	13,889	35,295
2023 Total Population :	1,635	13,782	34,495
2023 Employed Civilian Pop :	532	5,442	15,367
2023 Total Businesses :	183	821	1,368
2023 Average Household Income :	$ 88,411	$ 81,276	$ 78,648
2023 Total Consumer Spending :	$ 53 M	$ 358 M	$ 887 M
2023 Median Age :	39	37	37
2023 Total Households :	697	5,035	12,921
2023 Pop Age 25+: Bachelor's Degree :	109	919	2,444
2023 Average Home Value :	$ 218,505	$ 218,917	$ 215,654

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	State Hwy53	2021	3,490	0.18 mi
	Jamison St SE	2021	3,890	0.26 mi
	Old Fairmount Hwy SE	2021	6,560	0.27 mi
State Rte 53	Old Fairmount Hwy SE	2005	10,370	0.31 mi
	Jamison St SE	2021	6,750	0.36 mi
Lovers Lane Road Southeast	Curtis Cemetery Rd SE	2018	7,860	0.41 mi
Lovers Lane Road Southeast	Boone Ford Rd SE	2021	8,450	0.41 mi
Lovers Lane Road Southeast	Curtis Cemetery Rd SE	2019	7,810	0.41 mi
Lovers Lane Rd SE	Boone Ford Rd SE	2016	7,620	0.46 mi
Richardson Road Southeast	Porch Loop SE	2018	4,180	0.57 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
26872 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
27846 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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