Take 5 Oil Change (GL)

402 N Bryant Blvd, San Angelo, TX 76903

$1,280,000

Cap Rate 5.35%

Views: 126 DOM: 223 Updated: 07.16.24 Posted: 04.06.24 Status: Contract

Summary

Price $1,280,000	Built/Renov 2024	Tenant Take 5 Oil Change (GL)
Cap Rate 5.35%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,421	Lease Start 05-01-2024	#Units 1,000
Price/SF $900.77	Expiration 04-30-2039	Tenant Type Automotive
NOI $68,500	R. Term 14.5	Ownership Ground Lease
Rent/SF $48.21	Increases 10.0%/5/yrs	Pop 5Mi 93,450
Lot/AC 0.40	Options 4/5yrs/10%	AHHI 5Mi $92,960

Kyle Varni

Secure Net Lease

Contact

Lease Highlights

Brand-new 2024 construction
Take 5 Oil Change will be executing a brand-new 15-year ground lease with 4 (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 on N Bryant Blvd, with access to 31,000 vehicles passing by daily. The property benefits from its convenient location just off of US-67/W Houston Harte Expy, which sees a traffic count of 34,100 VPD. Additionally, it is adjacent to Central High School, the largest high school in San Angelo, and downtown San Angelo. Moreover, it is situated within a...

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Key Features

New construction
Build to suit
Near major nationals
Freeway visibility
Affluent suburb location
Income tax free state
Long 15+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee

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Links

Take 5 Oil Change Wikipedia San Angelo, Texas Zip Code 76903 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,705	60,697	96,610
2023 Total Population :	6,650	60,293	95,450
2023 Employed Civilian Pop :	2,753	27,641	44,557
2023 Total Businesses :	873	2,438	3,574
2023 Average Household Income :	$ 59,416	$ 64,498	$ 73,531
2023 Total Consumer Spending :	$ 128 M	$ 1334 M	$ 2437 M
2023 Median Age :	38	35	36
2023 Total Households :	2,456	23,541	37,962
2023 Pop Age 25+: Bachelor's Degree :	503	5,383	11,268
2023 Average Home Value :	$ 198,867	$ 176,067	$ 197,541

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W 6th St	Mlk Dr	2002	19,300	0.10 mi
	Caddo St	2022	7,359	0.14 mi
West Houston Harte Expressway	Caddo St	2020	43,066	0.16 mi
US 67	N River Dr	2021	30,702	0.17 mi
US 67	N River Dr	2022	29,440	0.17 mi
	N River Dr	2021	6,977	0.20 mi
	N River Dr	2022	6,773	0.20 mi
Caddo St	Locust St	2002	24,000	0.28 mi
West 1st Street	N David St	2020	735	0.29 mi
West Houston Harte Expressway	E Houston Harte Expy	2020	43,194	0.32 mi

Listing Broker

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