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Take 5 - North Olmsted, OH 28401 Lorain Rd 3,978 SF Retail Building North Olmsted, OH 44070 $923,636 ($232.19/SF) 5.50% Cap Rate
Investment Highlights
- Backed by Driven Brands, one of the largest automotive service platforms in North America, providing strong credit and operational stability.
- Positioned directly across from multiple car dealerships, driving built-in demand and repeat customer flow.
- Automotive use since 1988, converted to corporate Take 5 in 2016, demonstrating long-term viability and continued investment.
- Located in an established suburban trade area with strong demographics and consistent daily traffic.
- In-place rent sits below market levels, offering clear mark-to-market upside and future income growth.
Executive Summary
We are pleased to exclusively offer for sale a Take 5 Oil Change located at 28401 Lorain Road in North Olmsted, OH. This offering features below-market in-place rent compared to prevailing rates for comparable quick-service oil change assets, presenting investors with a compelling opportunity to achieve rental upside over the hold period. With strong fundamentals and embedded growth potential, this asset provides for an attractive and strategic investment opportunity.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,978 SF
Building Class
C
Year Built/Renovated
1988/2018
Price
$923,636
Price Per SF
$232.19
Cap Rate
5.50%
NOI
$50,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.46 AC
Zoning
CRG
Parking
8 Spaces (2.01 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Take 5 Oil Change
- Services
- -
- -
- Jan 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Take 5 Oil Change | Services | - | - | Jan 2036 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 234-24-002 | Improvements Assessment | $123,935 |
| Land Assessment | $70,280 | Total Assessment | $194,215 |
Property Taxes
Parcel Number
234-24-002
Land Assessment
$70,280
Improvements Assessment
$123,935
Total Assessment
$194,215
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