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Take 5 Oil Change 604 Highway 53 East SE 1,462 SF Retail Building Calhoun, GA 30701 $1,416,667 ($968.99/SF) 6% Cap Rate
Investment Highlights
- 15-Year Lease at COE | Franchisee Guaranteed | 10% Increases Every 5 Years
- Signalized, Hard-Corner Intersection | High-Traffic Location
- Established Auto Service Brand | Driven Brands (NASDAQ: DRVN)
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Growing Market
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
Freestanding
Building Size
1,462 SF
Building Class
C
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
0.06
Lot Size
0.61 AC
Zoning
C2
Parking
12 Spaces (8.21 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | C71-078 | Improvements Assessment | $61,000 |
| Land Assessment | $120,000 | Total Assessment | $181,000 |
Property Taxes
Parcel Number
C71-078
Land Assessment
$120,000
Improvements Assessment
$61,000
Total Assessment
$181,000
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Take 5 Oil Change | 604 Highway 53 East SE
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