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Views: 113 DOM: 297 Updated: 10.23.24 Posted: 01.31.24 Status: Active

Summary

Price $4,133,000
Built/Renov 2003/2017
Tenant Express Oil Change
Cap Rate 5.65%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,664
Lease Start 04-11-2022
#Units 352
Price/SF $620.20
Expiration 04-10-2042
Tenant Type Automotive
NOI $233,530
R. Term 17.4
Ownership Fee Simple
Rent/SF $35.04
Increases 7.0%/3/yrs
Pop 5Mi 87,541
Lot/AC 0.99
Options 4/5yrs/7%
AHHI 5Mi $96,367

Lease Highlights

  • Express Oil Change has 17+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 7% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Express Oil Change is strategically located on Willow Lane, directly across from Highway 81, with access to 24,200 vehicles passing by daily. The property enjoys the advantage of being adjacent to a thriving retail environment, with both a Walmart Supercenter and a Lowe’s-anchored shopping center nearby. It's part of an exceptional retail corridor, within easy walking distance of the South...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Express Oil Change
  • Guarantor:Corporate
  • Company:BayPine LP
  • # Units:352
  • Stock:Private

About Tenant

Express Oil Change & Tire Engineers is an American automotive maintenance brand, with services including its signature 10-minute oil change, in addition to full-service mechanical, tires, brakes,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,060 49,053 94,169
2023 Total Population : 7,083 45,800 87,541
2023 Employed Civilian Pop : 3,395 21,744 42,217
2023 Total Businesses : 415 1,778 2,640
2023 Average Household Income : $ 67,886 $ 82,692 $ 96,367
2023 Total Consumer Spending : $ 157 M $ 1201 M $ 2553 M
2023 Median Age : 32 34 36
2023 Total Households : 2,646 16,726 30,724
2023 Pop Age 25+: Bachelor's Degree : 697 6,557 12,179
2023 Average Home Value : $ 185,614 $ 239,126 $ 275,781
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hampton Road Saddlecreek Dr 2021 24,500 0.31 mi
State Hwy20 2021 16,100 0.33 mi
I- 75 State Rte 20 2021 17,100 0.42 mi
McDonough Hampton Rd I- 75 2021 5,290 0.42 mi
Avalon Ct Richfield Pk 2021 4,460 0.48 mi
I 59 2019 118,000 0.90 mi
Industrial Blvd PkWest Dr 2018 120,000 0.98 mi
I- 75 Hampton Rd 2013 100,000 1.01 mi
McDonough Pkwy Downing Dr 2013 8,320 1.14 mi
McDonough Parkway Downing Dr 2021 11,000 1.16 mi

Listing Broker

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