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Take 5 Oil Change 232 Grant Ave 1,324 SF Retail Building Auburn, NY 13021 $2,046,428 ($1,545.64/SF) 7% Cap Rate
Investment Highlights
- Brand new 2025 build to suit construction for Take 5 Oil Change
- 10% rent increases every 5 years for the entire term of the lease (base + options)
- Corporate guarantee from an experienced Take 5 Oil Change operator (+60 Take 5 locations & 245 locations across all franchise brands)
- 15-year absolute NNN lease with zero landlord responsibilities
- The property qualifies for bonus depreciation (consult with a tax professional for details)
- ± 30,000 Vehicles daily on Grant Ave directly in front of the store
Executive Summary
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- -
- -
- Triple Net
- May 2040
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 Type | Lease End | |
|
|
Services | - | - | Triple Net | May 2040 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 050100-109-064-0001-002-000-0000 | Improvements Assessment | $0 |
| Land Assessment | $76,400 | Total Assessment | $76,400 |
Property Taxes
Presented by
Take 5 Oil Change | 232 Grant Ave
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