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Take 5 Oil Change (Corporate) 2090 Us 1 1,281 SF Retail Building Saint Augustine, FL 32086 $1,300,000 ($1,014.83/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

Long-term corporately backed ground lease to leading auto services provider
Absolute Net ground lease provides passive ownership and stable cash flow
St. Johns County ranked as the #1 fastest growing County in Florida in 2022 and boasts $150,000 AHII within 3 miles

Excellent visibility (40,000 VPD along US 1) and access from signalized intersection
10% rent increases ever 5 years provides hedge against inflation
Take 5 Oil Change operates over 900 locations in the US and Canada and is owned by Driven Brands, the largest automotive services company in the US

EXECUTIVE SUMMARY

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this free-standing Take 5 Oil Change with drive-thru service in St. Augustine, FL. The property is strategically located along St. Augustine's primary retail corridor with prominent visibility and access from a signalized intersection.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Building Size

1,281 SF

Building Class

Year Built/Renovated

1983/2022

Price

$1,300,000

Price Per SF

$1,014.83

Cap Rate

NOI

$65,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

0.26 AC

Zoning

MAJOR TENANTS

Services
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Whether it’s an oil change followed by a car wash, a car wash before an oil change…or both at completely different times, Take 5 gets the job done quickly so you can be on your way. Take 5 was founded as Rapid Oil Change. It offered quick oil changes, minor repairs and other maintenance services. Since then, it has seen expansion, faced disaster and become part of the community. What started in Louisiana, just outside New Orleans, spread to several states and across the southeastern United States from Virginia to Texas and several locations, with more shops opening in the coming months. Among the newest locations is the first Take 5 in Florida. To date, the company has opted to limit franchising the brand but it continues to consider future options to do so.