Take 5 Oil Change (GL)

1485 North Dysart Road, Avondale, AZ 85323

$2,125,000

Cap Rate 5.69%

$2,140,000

Cap Rate 5.65%

Views: 203 DOM: 159 Updated: 07.24.24 Posted: 12.06.23 Status: Sold 05.13.24

Summary

Price $2,125,000 $2,140,000	Built/Renov 2023	Tenant Take 5 Oil Change (GL)
Cap Rate 5.69% 5.65%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,600	Lease Start 05-01-2024	#Units 1,000
Price/SF $1,328.13 $1,337.50	Expiration 04-30-2039	Tenant Type Automotive
NOI $121,000	R. Term 14.0	Ownership Ground Lease
Rent/SF $75.63	Increases 10.0%/5/yrs	Pop 5Mi 226,993
Lot/AC 0.77	Options 4/5yrs/10%	AHHI 5Mi $104,041

Lease Highlights

Brand-new 2023 construction
Take 5 Oil Change recently signed a brand-new 15-year lease with 4 (5-year) options
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Take 5 Oil Change is strategically located near the signalized, hard corner intersection of East Van Buren Street and North Dysart Road, with access to 56,400 vehicles passing by daily. The property also benefits from nearby access to North Litchfield Road (35,700 VPD) and Interstate 10 (218,900 VPD), making this a centralized location with easy commutes. Additionally, the property serves as...

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Key Features

New construction
Build to suit
Shopping Ctr out-parcel
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Traded and rated company

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Links

Take 5 Oil Change Wikipedia Avondale, Arizona Zip Code 85323 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 :	8,893	105,482	250,777
2023 Total Population :	8,322	99,847	231,707
2023 Employed Civilian Pop :	3,969	47,713	110,735
2023 Total Businesses :	670	2,160	3,900
2023 Average Household Income :	$ 63,304	$ 102,951	$ 111,333
2023 Total Consumer Spending :	$ 152 M	$ 2885 M	$ 7197 M
2023 Median Age :	29	32	33
2023 Total Households :	2,726	32,305	74,726
2023 Pop Age 25+: Bachelor's Degree :	548	10,332	25,761
2023 Average Home Value :	$ 292,367	$ 380,576	$ 406,202

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Dysart Rd	E Nuttal Rd	2015	33,600	0.07 mi
North Dysart Road	N Dysart Rd	2019	36,215	0.10 mi
	N Dysart Rd	2021	16,314	0.17 mi
I-10 Exit 129 A-Ramp	N Dysart Rd	2020	8,688	0.19 mi
North Dysart Road	I- 10	2018	56,365	0.21 mi
North Dysart Road	W Rancho Santa Fe Blvd	2021	55,714	0.21 mi
	N Dysart Rd	2021	16,996	0.25 mi
	N Dysart Rd	2021	11,143	0.26 mi
North Dysart Road	E Van Buren St	2018	35,217	0.29 mi
North Dysart Road	W Rancho Santa Fe Blvd	2018	48,130	0.37 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
76090 Views
202 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
69319 Views
170 Sold

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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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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