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Take 5 Oil Change, Dalton, GA

Take 5 Oil Change

Dalton, GA

Price $2,137,000
Cap Rate 5.50%
NOI $117,500
Lease Term 10 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2021
Building Size Contact For Details
Lot Size 0.61 Acres (26,500 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 10-year absolute NNN lease with 10% rental increases in initial term and options, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, providing an ideal investment opportunity for an out-of-area investor

HIGH-TRAFFIC LOCAITON IN A DENSE RETAIL AREA
» 42,220 AADT at the signalized intersection of State Route 52/East Walnut Avenue and Airport Road
» Projected 13 percent average household income increase within five mile of the site in the next five years
» 63,982 residents within a five-mile radius

NEAR LARGE SCHOOLS, EMPLOYERS, AND COMMUNITY HUBS
» Located across from Walnut Square Mall with anchor tenants Belk, AMC Theater, and Bath & Body Works
» Within three miles of many major schools including Northwest Georgia College and Career Academy, Georgia Northwestern Technical College, Southeast Whitfield High School, Eastbrook Middle School and Antioch Middle School
» Surrounded by a strong mix of national including Walmart, Hobby Lobby, Harbor Freight, Delray Farms, CVS, ALDI, McDonald’s, AutoZone and many more

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Take 5 is experiencing explosive growth and recently announced franchising plans
» New 2021 construction



Property Description

The property is strategically located on Airport Road with 13,700 vehicles per day directly in front of the property and just off State Route 52/East Walnut Avenue which brings an additional 28,520 vehicles per day by the property. The subject property is located in a dense retail area just across the street from Walnut Square Mall with major tenants including Belk, AMC Theater, Bath & Body Works, Chick-fil-A and many others.

There are many other national retailers in the surrounding area including Walmart, Hobby Lobby, Harbor Freight, Delray Farms, CVS, Aldi, McDonald’s, AutoZone and many others. The surrounding area is affluent and densely populated with more than 63,000 residents and an average household income over $68,000 within five miles of the property.

Contact Us About This Property

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