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Take 5 Oil Change 324 E Highway 199 3,184 SF 100% Leased Retail Building Springtown, TX 76082 $2,173,913 ($682.76/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent Corporate Guarantee from Driven Brands
- Strategic Highway Location
- Strong Industry Growth
- Recession-Resistance Service
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 324 East Highway 199, Springtown, TX 76082. The site consists of roughly 3,184 rentable square feet of building space on an estimated 0.24-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 $125,000 and has scheduled increases of 1.50% Annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,184 SF
Building Class
C
Year Built
2003
Price
$2,173,913
Price Per SF
$682.76
Cap Rate
5.75%
NOI
$125,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.30
Lot Size
0.24 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R000046178 | Improvements Assessment | $170,360 |
| Land Assessment | $106,290 | Total Assessment | $276,650 |
PROPERTY TAXES
Parcel Number
R000046178
Land Assessment
$106,290
Improvements Assessment
$170,360
Total Assessment
$276,650
CONTACTS
-
Edward Otocka -
Amelia Haydock -
Gordon Pollock -
John McHugh -
Will Byrne -
Glen Kunofsky -
Christopher Marks -
Surmount
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Take 5 Oil Change | 324 E Highway 199
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