Take 5 Oil Change

4013 Victoria Avenue, Harrisburg, PA 17109

$2,207,000

Cap Rate 6.75%

Views: 90 DOM: 229 Updated: 08.12.24 Posted: 02.01.24 Status: Contract 04.08.24

Summary

Price $2,207,000	Built/Renov 2023	Tenant Take 5 Oil Change
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,619	Lease Start 03-15-2024	#Units 285
Price/SF $1,363.19	Expiration 03-14-2039	Tenant Type Automotive
NOI $149,000	R. Term 14.6	Ownership Fee Simple
Rent/SF $92.03	Increases 10.0%/5/yrs	Pop 5Mi 193,025
Lot/AC 0.45	Options 3/5yrs/10%	AHHI 5Mi $88,078

Lease Highlights

Brand-new 2023 construction
Take 5 Oil Change will be executing a brand-new 15-year lease with 2 (5-year) and 1 (4 year, 6 months) 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
Lease guaranteed by Purple Square Management Co.

Location Description

Take 5 Oil Change is strategically located off Union Deposit Road, with excellent visibility and access to 19,500 vehicles passing by daily. The site is situated between Lowe’s and Dauphin Plaza, a Price Rite Marketplace & Big Lots-anchored shopping center. It is also just a couple of blocks away from an I-83 on-ramp/off-ramp, with a robust traffic count of 119,200 VPD. Across the street is...

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Key Features

New construction
Build to suit
Shopping Ctr out-parcel
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Personal guarantee

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Links

Take 5 Oil Change Wikipedia Harrisburg, Pennsylvania Zip Code 17109 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Franchisee
Company:Purple Square Management Co.
# Units:285
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 :	11,502	95,833	194,901
2023 Total Population :	11,454	95,811	193,025
2023 Employed Civilian Pop :	5,928	48,544	101,959
2023 Total Businesses :	485	3,394	8,259
2023 Average Household Income :	$ 72,593	$ 76,952	$ 88,078
2023 Total Consumer Spending :	$ 319 M	$ 2548 M	$ 6136 M
2023 Median Age :	43	39	41
2023 Total Households :	5,072	38,123	80,507
2023 Pop Age 25+: Bachelor's Degree :	2,139	12,000	30,945
2023 Average Home Value :	$ 216,979	$ 212,368	$ 239,036

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Union Deposit Rd	2021	5,298	0.18 mi
	Union Deposit Rd	2021	5,959	0.22 mi
Schoolhouse Ln	Boundbrook Rd	2016	4,522	0.22 mi
	Union Deposit Rd	2021	10,186	0.27 mi
Union Deposit Rd	Able Dr	2019	9,470	0.28 mi
Union Deposit Road	Thirty-Second St	2022	8,854	0.30 mi
Union Deposit Road	Able Dr	2019	10,021	0.30 mi
	Union Deposit Rd	2021	10,460	0.32 mi
Union Deposit Road	E Park Dr	2021	34,651	0.33 mi
Union Deposit Road	E PkDr	2020	5,088	0.53 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

178 Listings
19620 Views
22 Sold

Aron Cline

Berkeley Capital Advisors

Contact

171 Listings
18977 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

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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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