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DOM: 11 Updated: 02.29.24 Posted: 01.18.24 Status: Sold 01.30.24

Summary

Price $1,228,100 $1,273,000
Built/Renov 2022
Tenant Take 5 Oil Change (GL)
Cap Rate 5.70% 5.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 1,435
Lease Start 04-01-2023
#Units 850
Price/SF $855.82 $887.11
Expiration 03-31-2038
Tenant Type Automotive
NOI $70,000
R. Term 12.11
Ownership Fee Simple
Rent/SF $48.78
Increases 10.0%/4/yrs
Pop 5Mi 55,504
Lot/AC 0.80
Options 4/5yrs/10%
AHHI 5Mi $75,435

Lease Highlights

  • Take 5 Oil Change has 14 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increases throughout the initial term and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Take 5 Oil Change is strategically located on US Highway 27, benefiting from a robust daily traffic count of 75,100 vehicles. Additionally, the site boasts excellent access and visibility, positioned adjacent to the signalized intersection of Thompson Nursery Road (5,100 VPD) and Chalet Suzanne Road (9,600 VPD). Furthermore, it is conveniently within walking distance of Eagle Ridge Mall,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Take 5 Oil Change
  • Guarantor:Corp T and Rated
  • Company:Driven Brands Holdings, Inc.
  • # Units:850
  • 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 : 1,972 17,722 56,703
2023 Total Population : 1,950 17,242 55,024
2023 Employed Civilian Pop : 826 6,407 22,340
2023 Total Businesses : 190 393 1,602
2023 Average Household Income : $ 67,122 $ 70,499 $ 75,327
2023 Total Consumer Spending : $ 48 M $ 468 M $ 1475 M
2023 Median Age : 41 51 46
2023 Total Households : 823 7,593 22,360
2023 Pop Age 25+: Bachelor's Degree : 201 2,252 6,994
2023 Average Home Value : $ 255,123 $ 286,248 $ 296,850
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Polk Bus Rd Chalet Suzanne Rd 2005 36,000 0.02 mi
Tillman Dr 2022 42,000 0.91 mi
Cooper Ave 2022 41,000 1.18 mi
US 27 Hwy 27 2021 42,500 1.18 mi
Chalet Suzanne Rd Chalet Suzanne Dr 2005 10,100 1.56 mi
US Hwy 27 Moonlight Ln SE 2005 35,000 1.60 mi
North Scenic Highway Dekle Rd 2022 10,500 1.61 mi
North Scenic Highway Martinique Dr 2021 9,600 1.61 mi
Waverly Road Plantation Ln 2022 5,300 1.70 mi
Waverly Road Lake St 2021 5,100 1.70 mi

Listing Broker

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