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Take 5 Oil Change | 10yr Abs NNN w/ Increases 5235 E 64th St 2,389 SF Retail Building Indianapolis, IN 46220 $1,547,000 ($647.55/SF) 6.40% Cap Rate
Investment Highlights
- 10 Years Remaining | Franchisee Guaranteed | 10% Increases Every 5 Years
- Prime Infill Location | Dense Retail Corridor
- Established Auto Service Brand | Driven Brands (NASDAQ: DRVN)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Affluent Market Demographics | Expanding Indianapolis MSA
- Experienced Multi-Unit Franchisee | Indiana’s Leading Take 5 Operator
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Indianapolis, Indiana. The tenant, Take 5 Oil Change, signed a 11-year lease paying $99,000 in annual NOI with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,389 SF
Building Class
B
Year Built
2000
Price
$1,547,000
Price Per SF
$647.55
Cap Rate
6.40%
NOI
$99,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.24 AC
Zoning
ZO01
Parking
8 Spaces (3.35 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Take 5 Oil Change began in Louisiana near New Orleans and was founded in 1984 as Rapid Oil Change. The company built its service model around quick oil changes, minor repairs, and other maintenance work, then introduced a stay-in-your-car concept that became a defining part of the brand. Today, Take 5 Oil Change offers oil changes, fluid top-offs, tire pressure checks, filter and wiper inspections, and related vehicle maintenance through a broad network of company-owned and franchised service centers across the United States and Canada. The company also supports fleet accounts and continues to expand its franchise footprint within the quick-lube market.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-02-33-115-156.000-800 | Improvements Assessment | $275,400 |
| Land Assessment | $43,100 | Total Assessment | $318,500 |
Property Taxes
Parcel Number
49-02-33-115-156.000-800
Land Assessment
$43,100
Improvements Assessment
$275,400
Total Assessment
$318,500
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