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Take 5 Oil Change 1975 Main St 1,682 SF Retail Building Suffolk, VA 23434 $2,086,957 ($1,240.76/SF) 5.75% 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 1975 North Main Street, Suffolk, VA 23434. The site consists of roughly 1,682 rentable square feet of building space on an estimated .73-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 $120,000 and has scheduled increases of 1.50% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
1,682 SF
Year Built
2026
Price
$2,086,957
Price Per SF
$1,240.76
Cap Rate
5.75%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.73 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 253166400 | Improvements Assessment | $0 |
| Land Assessment | $95,900 | Total Assessment | $95,900 |
Property Taxes
Parcel Number
253166400
Land Assessment
$95,900
Improvements Assessment
$0
Total Assessment
$95,900
Contacts
-
Edward Otocka -
Amelia Haydock -
Gordon Pollock -
John McHugh -
Will Byrne -
Glen Kunofsky -
Christopher Marks -
Surmount
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Take 5 Oil Change | 1975 Main St
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