Take 5 Oil Change

4501 East Speedway Boulevard, Tucson, AZ 85712

$2,248,000

Cap Rate 6.00%

Views: 140 DOM: 349 Updated: 09.05.24 Posted: 12.20.23 Status: Active

Summary

Price $2,248,000	Built/Renov 2023	Tenant Take 5 Oil Change
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,490	Lease Start 06-01-2024	#Units 56
Price/SF $1,508.72	Expiration 05-31-2039	Tenant Type Automotive
NOI $134,875	R. Term 14.6	Ownership Fee Simple
Rent/SF $90.52	Increases 10.0%/5/yrs	Pop 5Mi 282,796
Lot/AC 0.45	Options 6/5yrs/10%	AHHI 5Mi $73,685

Lease Highlights

Brand-new 2023 construction
Take 5 Oil Change will be signing a brand-new 15-year lease at the close of escrow with 6 (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
Lease guaranteed by T5 West Operations, LLC (56 units backed)

Location Description

Take 5 Oil Change is strategically located on the hard corner of E Speedway Blvd and N Belvedere Ave, with excellent visibility and access to 91,800 vehicles passing by daily. The property is situated just a couple of blocks from a Sprouts-anchored shopping center and within walking distance of numerous auto-related businesses including multiple car dealerships. Additionally, it is less than...

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Key Features

New construction
Hard corner intersection
High traffic 50M+ VPD
Dense 200M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Traded and rated company
Personal guarantee

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Links

Take 5 Oil Change Wikipedia Tucson, Arizona Zip Code 85712 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

Established in 1984, 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	17,715	119,486	281,364
2023 Total Population :	17,775	120,739	282,796
2023 Employed Civilian Pop :	8,399	56,687	131,634
2023 Total Businesses :	866	6,467	13,689
2023 Average Household Income :	$ 61,184	$ 71,189	$ 73,685
2023 Total Consumer Spending :	$ 468 M	$ 3620 M	$ 8362 M
2023 Median Age :	40	39	36
2023 Total Households :	8,728	58,118	129,683
2023 Pop Age 25+: Bachelor's Degree :	2,512	18,944	40,742
2023 Average Home Value :	$ 267,149	$ 311,454	$ 317,239

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
E Speedway Blvd	N Belvedere Ave	2010	44,000	0.04 mi
E Speedway Blvd	N Swan Rd	2005	49,972	0.20 mi
E Speedway Blvd	N Jerrie Ave	2005	49,291	0.24 mi
N Swan Rd	E Speedway Blvd	2005	36,014	0.24 mi
N Swan Rd	E Speedway Blvd	2005	35,130	0.24 mi
N Columbus Blvd	E Speedway Blvd	2005	10,796	0.27 mi
E Speedway Blvd	N Swan Rd	2005	50,924	0.27 mi
N Columbus Blvd	E 1st St	2005	10,923	0.27 mi
E Speedway Blvd	N Columbus Blvd	2005	48,344	0.30 mi
N Columbus Blvd	E Fairmount St	2018	9,377	0.33 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
28471 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
29530 Views
23 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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