Take 5 Oil Change (GL)

3620 Monroe Highway, Pineville, LA 71360

$1,153,846

Cap Rate 6.50%

Views: 87 DOM: 253 Updated: 10.28.24 Posted: 03.07.24 Status: Active

Summary

Price $1,153,846	Built/Renov 2023	Tenant Take 5 Oil Change (GL)
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,421	Lease Start 12-01-2023	#Units 1,000
Price/SF $812.00	Expiration 11-30-2038	Tenant Type Automotive
NOI $75,000	R. Term 14.0	Ownership Ground Lease
Rent/SF $52.78	Increases 10.0%/4/yrs	Pop 5Mi 39,100
Lot/AC 0.50	Options 3/5yrs/10%	AHHI 5Mi $63,655

Barry Silver

The Silver Group

Contact

Lease Highlights

New 2023 construction
Take 5 Oil Change recently executed a brand-new 15-year ground lease with 3 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Take 5 Oil Change is strategically located on Monroe Highway, with access to 31,753 vehicles passing by daily. The property is conveniently positioned between Walmart Supercenter, Walgreens Drugstore, and Lowe’s Home Improvement. The area is surrounded by well-known national tenants such as AutoZone, Burger King, Fast Pace Urgent Care, and more. Additionally, Louisiana Christian University,...

...

Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Strategically located
Brand new lease
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee

...

Links

Take 5 Oil Change Wikipedia Pineville, Louisiana Zip Code 71360 Broker Site Page

Maps

Local Information

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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,418	16,655	36,333
2023 Total Population :	1,440	16,898	36,878
2023 Employed Civilian Pop :	610	7,281	16,196
2023 Total Businesses :	187	706	1,771
2023 Average Household Income :	$ 82,531	$ 80,829	$ 76,096
2023 Total Consumer Spending :	$ 33 M	$ 464 M	$ 970 M
2023 Median Age :	45	39	39
2023 Total Households :	459	6,587	14,586
2023 Pop Age 25+: Bachelor's Degree :	185	2,206	3,911
2023 Average Home Value :	$ 209,044	$ 204,083	$ 201,836

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Monroe Highway	State Rte 1254	2022	35,216	0.03 mi
Monroe Hwy	Pr	2011	34,953	0.08 mi
Pinecrest Dr	Lorelei St	2011	7,648	0.15 mi
Military Highway	Pinecrest Dr	2022	8,614	0.17 mi
Pinecrest Drive	Lorelei St	2022	3,125	0.18 mi
State Route 1254	State Rte 1254	2022	4,643	0.19 mi
Monroe Highway	Monroe Hwy	2022	34,824	0.20 mi
Esler Field Road	Pr	2022	6,714	0.24 mi
Military Hwy	Pinecrest Dr	2011	9,226	0.26 mi
Pardue Road	Pardue Rd	2022	4,338	0.32 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT