Take 5 Oil Change

1535 South Yale Avenue, Tulsa, OK 74112

$1,953,600

Cap Rate 6.25%

Views: 121 DOM: 161 Updated: 11.11.24 Posted: 06.12.24 Status: Active

Summary

Price $1,953,600	Built/Renov 2023	Tenant Take 5 Oil Change
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,500	Lease Start 12-12-2023	#Units 1,000
Price/SF $1,302.40	Expiration 12-11-2038	Tenant Type Automotive
NOI $122,100	R. Term 14.0	Ownership Fee Simple
Rent/SF $81.40	Increases 1.8%/1/yrs	Pop 5Mi 325,638
Lot/AC 0.61	Options 5/5yrs/1.75%	AHHI 5Mi $70,201

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Brand-new 15-year lease with 5 (5-year) options to extend upon close of escrow
The lease features 1.75% annual rent increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Take 5 Oil Change is strategically located on South Yale Avenue, with access to 26,100 vehicles passing by daily. The property is an outparcel to Lowe’s Home Improvement and is directly across from the Tulsa Expo Center. The immediate area is surrounded by well-known national tenants including Target, Zaxby's, Reasor's, Starbucks, Burlington, and Walmart Neighborhood Market. The 5-mile trade...

...

Key Features

New construction
Build to suit
Near major nationals
Shopping Ctr out-parcel
Dense 200M+ pop 5 mi
Top 100 MSA
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee

...

Links

Take 5 Oil Change Wikipedia Tulsa, Oklahoma Zip Code 74112 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
2029 Total Population :	9,171	95,506	231,937
2024 Total Population :	9,170	93,988	228,125
2024 Employed Civilian Pop :	5,462	47,898	113,626
2024 Total Businesses :	424	5,498	15,016
2024 Average Household Income :	$ 85,313	$ 85,198	$ 82,717
2024 Total Consumer Spending :	$ 329 M	$ 2995 M	$ 7068 M
2024 Median Age :	39	37	36
2024 Total Households :	4,389	39,712	96,154
2024 Pop Age 25+: Bachelor's Degree :	2,008	14,207	31,539
2024 Average Home Value :	$ 202,114	$ 291,314	$ 296,976

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Yale Ave	E 16th St	2017	26,100	0.08 mi
South Yale Avenue	E 14th St	2021	15,900	0.13 mi
South Yale Avenue	E 14th St	2019	18,000	0.13 mi
E 15th St	S Canton Ave	2017	16,300	0.16 mi
E 15th St	S Urbana Ave	2017	14,300	0.24 mi
S Yale Ave	E 21st St	2017	24,100	0.41 mi
S Yale Ave	E 12th St	2012	17,400	0.43 mi
E 21st St	S Yale Ave	2017	16,900	0.47 mi
E 21st St	S Vandalia Ave	2017	15,000	0.48 mi
	S Joplin Ave	2021	6,700	0.50 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