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Take 5 Oil | Low Rent Corp GL 2193 Hwy 71 3,500 SF 100% Leased Retail Building Marianna, FL 32448 $1,238,000 ($353.71/SF) 5.25% Cap Rate
Investment Highlights
- Long-term corporately backed ground lease to leading auto services provider
- Absolute Net ground lease provides passive ownership and stable cash flow
- Located immediately off I-10 interchange next to Walmart & Lowe's
- Excellent visibility (20,000 VPD along FL-71) 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 US
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- 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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $858,681 | |
| Land Assessment | $892,590 | Total Assessment | $1,751,271 |
Property Taxes
Presented by
Take 5 Oil | Low Rent Corp GL | 2193 Hwy 71
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