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Take 5 Oil Change 1204 N Ferdon Blvd 1,496 SF Retail Building Crestview, FL 32536 $2,043,478 ($1,365.96/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Long-Term 20-Year NNN Sale-Leaseback
- New Construction
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1204 N Ferdon Ave, Crestview, FL 32536. The site consists of roughly 1,496 rentable square feet of building space on an estimated 0.5-acre parcel of land. This 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 $117,500 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
1,496 SF
Building Class
B
Year Built
2025
Price
$2,043,478
Price Per SF
$1,365.96
Cap Rate
5.75%
NOI
$117,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.50 AC
Parking
7 Spaces (4.68 Spaces per 1,000 SF Leased)
Frontage
146’ on North Ferdon Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-3N-23-1840-0002-0220 | Improvements Assessment | $0 |
| Land Assessment | $219,629 | Total Assessment | $219,629 |
PROPERTY TAXES
Parcel Number
04-3N-23-1840-0002-0220
Land Assessment
$219,629
Improvements Assessment
$0
Total Assessment
$219,629
CONTACTS
-
Glen Kunofsky -
Edward Otocka -
Gordon Pollock -
Amelia Haydock -
John McHugh -
Surmount
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Take 5 Oil Change | 1204 N Ferdon Blvd
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