Log In/Sign Up
Your email has been sent.
Take5 Oil Change 931 S General McMullen Dr 1,301 SF Retail Building San Antonio, TX 78237 $1,305,000 ($1,003.07/SF) 5.75% Cap Rate
Investment Highlights
- Ground Lease with 15 year base term plus three 5-year option periods
- No landlord responsibilities. All taxes, insurance, maintenance, repairs, utilities and capital improvements are tenants direct responsibility
- The subject property enjoys excellent visibility to all HEB grocery shoppers as well as those at the HEB fuel station
- 10% base rent increases every five years in the base term and in each of the 3 renewal periods
- Corporate store, not a franchise
- The 3-tenant retail center adjacent to the east is also available. Please contact broker for additional details.
Executive Summary
Take 5 Oil Change at 931 S General McMullen Drive presents the opportunity to acquire a newly constructed, corporate-operated net leased asset in San Antonio, Texas. The property is occupied by Take 5 Oil Change, a subsidiary of Driven Brands, under a 15-year ground lease with three additional 5-year renewal options. The lease structure provides for 10% rent increases every five years throughout the base term and renewal periods, creating contractual income growth over the investment horizon.
The tenant is responsible for taxes, insurance, maintenance, repairs, utilities, and capital improvements, minimizing landlord responsibilities and supporting a passive ownership profile. As a corporate-operated location rather than a franchise, the property benefits from direct tenancy by one of the fastest-growing automotive service brands in North America. Driven Brands operates approximately 4,900 locations across the United States and internationally, with Take 5 Oil Change serving as its largest revenue contributor.
The tenant is responsible for taxes, insurance, maintenance, repairs, utilities, and capital improvements, minimizing landlord responsibilities and supporting a passive ownership profile. As a corporate-operated location rather than a franchise, the property benefits from direct tenancy by one of the fastest-growing automotive service brands in North America. Driven Brands operates approximately 4,900 locations across the United States and internationally, with Take 5 Oil Change serving as its largest revenue contributor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,301 SF
Building Class
B
Year Built
2004
Price
$1,305,000
Price Per SF
$1,003.07
Cap Rate
5.75%
NOI
$75,038
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.25 AC
Zoning
C3 - General Commercial District
Parking
10 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
71’ on South General McMullen Dr
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08124-003-1860 | Improvements Assessment | $56,789 |
| Land Assessment | $122,221 | Total Assessment | $179,010 |
Property Taxes
Parcel Number
08124-003-1860
Land Assessment
$122,221
Improvements Assessment
$56,789
Total Assessment
$179,010
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Take5 Oil Change | 931 S General McMullen Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.