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Take 5 Oil Change 1083 Orange Ave 1,408 SF Retail Building West Haven, CT 06516 $1,333,333 ($946.97/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term Sale-Leaseback Opportunity with Strong Rental Increases
- Experienced and Growing Operator
- Absolute NNN Lease
- Ideal Demographics for Take 5 Oil Change
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1083 Orange Ave, West Haven, CT 06516 (Orange Ave is Route 1 or “The Boston Post Road”). The site consists of roughly 1,408 rentable square feet of building space on an estimated 0.36-acre parcel of land. This Take 5 Oil Change is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $90,000 and has scheduled increases of 10.00% every 5 years, resulting in average annual rent of $99,300 over the 15 year lease.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,408 SF
Building Class
C
Year Built/Renovated
1985/2022
Price
$1,333,333
Price Per SF
$946.97
Cap Rate
6.75%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.36 AC
Opportunity Zone
Yes
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
CONTACTS
-
Josh Kanter -
Anthony D'Ambrosia -
Stewart Hickey -
Glen Kunofsky -
Christopher Marks -
Surmount
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Take 5 Oil Change | 1083 Orange Ave
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