Take 5 Oil Change

850 West Irvington Road, Tucson, AZ 85714

$2,426,000

Cap Rate 6.00%

Views: 91 DOM: 249 Updated: 09.05.24 Posted: 01.11.24 Status: Active

Summary

Price $2,426,000	Built/Renov 2022	Tenant Take 5 Oil Change
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,438	Lease Start 05-01-2024	#Units 56
Price/SF $1,687.07	Expiration 04-30-2039	Tenant Type Automotive
NOI $145,554	R. Term 14.7	Ownership Fee Simple
Rent/SF $101.22	Increases 10.0%/5/yrs	Pop 5Mi 199,495
Lot/AC 0.59	Options 6/5yrs/10%	AHHI 5Mi $66,294

Lease Highlights

Take 5 Oil Change will be signing a brand new 15-year lease with 6 (5-year) options at the close of escrow
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by T5 West Operations, LLC

Location Description

Take 5 Oil Change is strategically located on Irvington Rd, boasting excellent visibility and access to a daily traffic count of 48,800 vehicles. This prime location is situated just one block from I-19, a major interstate, where the traffic count reaches 89,850 VPD. Across I-19 lies Tucson Spectrum, an expansive outdoor mall featuring well-known national retailers, including Target, Home...

...

Key Features

New construction
Build to suit
Near major nationals
Shopping Ctr out-parcel
Dense 100M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Personal guarantee

...

Links

Take 5 Oil Change Wikipedia Tucson, Arizona Zip Code 85714 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Franchisee
Company:T5 West Operations, LLC
# Units:56
Tenant S&P: B+
Moody’s: B3
Stock: NASDAQ: DRVN

About Tenant

Take 5 Oil Change is strategically located on Irvington Rd, boasting excellent visibility and access to a daily traffic count of 48,800 vehicles. This prime location is situated just one block...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	13,675	104,811	196,662
2023 Total Population :	14,062	105,788	197,442
2023 Employed Civilian Pop :	5,641	42,199	83,830
2023 Total Businesses :	399	2,138	6,732
2023 Average Household Income :	$ 60,668	$ 60,890	$ 66,084
2023 Total Consumer Spending :	$ 261 M	$ 1972 M	$ 4206 M
2023 Median Age :	34	31	31
2023 Total Households :	4,834	36,567	72,076
2023 Pop Age 25+: Bachelor's Degree :	400	4,877	14,001
2023 Average Home Value :	$ 212,315	$ 196,498	$ 228,463

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Irvington Rd	S 16th Ave	2015	23,703	0.01 mi
W Irvington Rd	S 15th Ave	2005	33,045	0.03 mi
S 16th Ave	W Irvington Rd	2005	5,350	0.06 mi
West Irvington Road	S 15th Ave	2018	22,293	0.08 mi
W Irvington Rd	S 15th Ave	2003	34,000	0.08 mi
I-19 Exit 98 G-Ramp	S 17th Ave	2020	11,115	0.15 mi
		2021	13,105	0.15 mi
I-19 Exit 98 A-Ramp	W Irvington Rd	2020	2,466	0.15 mi
W Irvington Rd	I- 19	2005	33,327	0.16 mi
W Irvington Rd	S 12th Ave	2004	33,338	0.22 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

178 Listings
19627 Views
22 Sold

Aron Cline

Berkeley Capital Advisors

Contact

171 Listings
18984 Views
20 Sold

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

...

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

...

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