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Take 5 Oil Change 1114 Morgan Blvd 1,500 SF Retail Building Harlingen, TX 78550 $1,142,857 ($761.90/SF) 5.25% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Driven Brands
- Recession-Resistance Service
- Strong Industry Growth
- Growing Vehicle Base & Longer Ownership
Executive Summary
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1114 Morgan Boulevard, Harlingen, TX 78550. The site consists of roughly 1,517 rentable square feet of building space on an estimated .3-acre parcel of land. Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $60,000 and has scheduled increases of 1.50% Annually.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,500 SF
Building Class
C
Year Built
2000
Price
$1,142,857
Price Per SF
$761.90
Cap Rate
5.25%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Amenities
- Fenced Lot
- Drive Thru
- Storage Space
- Monument Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $71,901 | |
| Land Assessment | $60,750 | Total Assessment | $132,651 |
Property Taxes
Parcel Numbers
Land Assessment
$60,750
Improvements Assessment
$71,901
Total Assessment
$132,651
Contacts
-
Edward Otocka -
Amelia Haydock -
Gordon Pollock -
John McHugh -
Will Byrne -
Glen Kunofsky -
Christopher Marks -
Surmount
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Take 5 Oil Change | 1114 Morgan Blvd
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