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Take 5 Oil Change, Snellville, GA

Take 5 Oil Change

Snellville, GA

Price $2,182,000
Cap Rate 5.50%
NOI $120,000
Lease Term 15 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 2% Rental Increases Every Year
Year Built 2021
Building Size 5,000 SF
Lot Size 1.2 Acres (52,054 SF)
Status Available
Lead Broker Information Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Jack Hinson
Brokerage
704.572.9921
jack.hinson@cushwake.com
CA RE License #02059267

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

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

Investment Highlights

ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» Subsidiary of Driven Brands, Inc. (4,100+ units with over $3.1 billion in annual sales)
» 15-year absolute NNN lease with no landlord responsibilities
» Rare 2% rental increases every year in initial term and option periods, providing a hedge against inflation
» Tenant is responsible for maintaining the entire property, including the roof, structure, foundation, parking lot, and landscaped areas
» Fee simple lease structure

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Signalized hard-corner location along U.S. Route 78/Stone Mountain Highway, Snellville’s primary thoroughfare, with excellent visibility and access to 75,800 vehicles per day directly in front of the property
» Seven miles from Stone Mountain Park, the second-most-visited tourist attraction in the Southeast (over five (5) million annual visitors)
» Surrounded by a strong mix of local and national retailers, including Lidl, City Farmers Market, The Home Depot, Burlington, PetSmart, Office Depot, Walgreens, LongHorn Steakhouse, Red Lobster, and many more
» Located 20 miles from Downtown Atlanta, the most populous city in Georgia (498,715 population)

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» 149,475 residents live within a five-mile radius
» High average household income of $99,626 within five miles of the property
» Projected average annual household income increase of 13 percent over the next five years, poising Snellville and Take 5 Oil Change for significant concurrent growth
» Surrounded by several single family housing developments and townhouse/apartment complexes

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than 5 minutes, with customer remaining in car
» Take 5 is experiencing explosive growth with continued aggressive expansion plans



Property Description

The property has a signalized, hard-corner location along U.S. Route 78/Stone Mountain Highway, Snellville’s primary thoroughfare, with excellent visibility and access to 75,800 vehicles per day directly in front of the site. The property benefits from its prime setting in a dense retail corridor and near major tourist attractions. The site is seven miles from Stone Mountain Park, the second-most-visited tourist attraction in the Southeast with over five (5) million annual visitors. The location is also surrounded by a strong mix of local and national retailers, including Lidl, City Farmers Market, The Home Depot, Burlington, PetSmart, Office Depot, Walgreens, LongHorn Steakhouse, Red Lobster, and many more. The property also conveniently serves as a gateway to Downtown Atlanta, the most populous city in Georgia (498,715 population).

The property is centrally located near major employers, important community amenities, and dense residential neighborhoods. 140,980 residents live within a five-mile radius, with a high average household income of $99,626 within five miles of the property. The location benefits from its setting surrounded by several single family housing developments and townhouse/apartment complexes. Additionally, the property is poised for significant growth, with a projected average annual household income increase of 13 percent over the next five years.

Contact Us About This Property



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