Take 5 Oil Change (GL)

2910 North Jackson Road, Hidalgo, TX 78541

$2,193,000

Cap Rate 5.70%

Views: 170 DOM: 430 Updated: 08.12.24 Posted: 01.31.24 Status: Contract

Summary

Price $2,193,000	Built/Renov 2024	Tenant Take 5 Oil Change (GL)
Cap Rate 5.70%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,418	Lease Start 12-29-2023	#Units 1,000
Price/SF $1,546.54	Expiration 12-31-2038	Tenant Type Automotive
NOI $125,001	R. Term 13.9	Ownership Ground Lease
Rent/SF $88.15	Increases 10.0%/5/yrs	Pop 5Mi 85,949
Lot/AC 0.39	Options 3/5yrs/10%	AHHI 5Mi $66,317

Lease Highlights

Brand-new 2024 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 increases every 5 years throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Take 5 Oil Change is strategically located on North Jackson Road, with access to 18,400 vehicles passing byTake 5 Oil Change is strategically located on North Jackson Road, with access to 18,400 vehicles passing by daily. It is located adjacent to a shopping center anchored by a Walmart Supercenter and is also in close proximity to recently constructed establishments such as Starbucks and Take...

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Key Features

New construction
Build to suit
Near major nationals
WalMart out-parcel
Top 100 MSA
Income tax free state
Brand new lease
Long 10+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Take 5 Oil Change Wikipedia Hidalgo, Texas Zip Code 78557 Broker Site Page

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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 :	7,614	57,518	123,318
2023 Total Population :	7,517	54,815	117,516
2023 Employed Civilian Pop :	3,381	24,095	50,451
2023 Total Businesses :	64	1,204	2,490
2023 Average Household Income :	$ 76,982	$ 63,451	$ 76,427
2023 Total Consumer Spending :	$ 169 M	$ 1052 M	$ 2569 M
2023 Median Age :	27	29	31
2023 Total Households :	2,467	18,800	38,324
2023 Pop Age 25+: Bachelor's Degree :	916	6,318	14,503
2023 Average Home Value :	$ 197,657	$ 180,847	$ 198,686

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Jackson Road	W Monte Cristo Rd	2020	2,632	0.27 mi
W Rogers Rd	Rogers Rd	2014	2,595	0.29 mi
W Monte Cristo Rd	W Monte Christo St	2002	17,000	0.48 mi
West Monte Cristo Road	Jackson Rd	2021	25,652	0.56 mi
Monte Christo Road	Jackson Rd	2020	18,428	0.56 mi
McColl Road	W Monte Cristo Rd	2021	7,777	0.62 mi
Monte Christo Road	McColl Rd	2020	15,620	0.75 mi
Seminary Road	Hickory St	2020	5,054	0.76 mi
Seminary Road	Ingle Rd	2021	6,222	0.76 mi
N McColl Rd	W Franboyllan St	2014	12,334	0.83 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
42565 Views
53 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
44283 Views
55 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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