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Take 5 Oil Change 5907 Ogeechee Rd 1,462 SF Retail Building Savannah, GA 31419 $1,416,667 ($968.99/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Lease at COE | Franchisee Guaranteed | 10% Increases Every 5 Years
- Prime Retail Corridor | High-Traffic Location
- Established Auto Service Brand | Driven Brands (NASDAQ: DRVN)
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Attractive Market Demographics | Expanding Trade Area
EXECUTIVE SUMMARY
• Two Oil 5, LLC (dba Take 5 Oil Change) to execute a brand-new 15-year lease at the close of escrow with six (6) five-year renewal options
• Lease provides 10% rental increases every five years throughout the base term and option periods
• Lease is guaranteed by Two Oil 5, LLC, an experienced franchisee operating 22+ Take 5 Oil Change locations with 9 additional stores under development
• Lease provides 10% rental increases every five years throughout the base term and option periods
• Lease is guaranteed by Two Oil 5, LLC, an experienced franchisee operating 22+ Take 5 Oil Change locations with 9 additional stores under development
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,462 SF
Building Class
B
Year Built
2022
Price
$1,416,667
Price Per SF
$968.99
Cap Rate
6%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.53 AC
Zoning
PBC
Parking
13 Spaces (8.89 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11029B01036 | Improvements Assessment | $681,720 |
| Land Assessment | $432,480 | Total Assessment | $1,114,200 |
PROPERTY TAXES
Parcel Number
11029B01036
Land Assessment
$432,480
Improvements Assessment
$681,720
Total Assessment
$1,114,200
CONTACTS
-
Cortland Lioi -
Ivy Kwon -
Gary Chou -
Zack Williams -
Calvin Short -
SRS National Net Lease
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Take 5 Oil Change | 5907 Ogeechee Rd
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