x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Take 5 Oil Change Ground Lease, Fort Worth , TX

Take 5 Oil Change Ground Lease

Price $1,270,000
Cap Rate 5.25%
NOI $66,635
Lease Term 10 years
Lease Type Absolute NNN ground lease, with tenant responsible for all taxes, insurance, and maintenance, including, roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years
Year Built 2019
Building Size 1,514 SF
Lot Size 0.81 acres (35,284 SF)
Status Available
Lead Broker Information Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE
» 10-year NNN ground 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
» Leased to corporate entity with more than 450 units

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Near the signalized intersection of White Settlement Road and Clifford Street, which experiences a high traffic count of 40,394 vehicles per day
» Immediate access to Interstate 820 (114,778 AADT) and convenient access to Interstate 30 (104,339 AADT)
» Within walking distance of Home Depot and Walmart Supercenter and close to Aldi, Albertsons, Walgreens, CVS, O’Reilly Auto Parts, McDonald’s, Whataburger, AT&T, 7-Eleven, and many others

EXCELLENT LOCATION WITH STRONG CUSTOMER BASE
» Close to several schools, including Brewer High School, which has a total enrollment
of 1,900 students, and Tannahill Intermediate School, which has 914 students
» Near the headquarters of the aeronautics division of Lockheed Martin, which employs 15,200 people throughout the region
» Minutes from Naval Air Station Joint Reserve Base Fort Worth, which has 10,000 employees
» 119,132 residents live within a five-mile radius of the property 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



Property Description

The property is strategically located near the signalized intersection of White Settlement Road and Clifford Street, which experiences a high traffic count of 40,394 vehicles per day. The property benefits from immediate access to Interstate 820 (114,778 AADT) and convenient access to Interstate 30 (104,339 AADT). The property is located in a dense retail corridor and is within walking distance of Home Depot and Walmart Supercenter. Other notable tenants in the nearby area include Aldi, Albertsons, Walgreens, CVS, O’Reilly Auto Parts, McDonald’s, Whataburger, AT&T, 7-Eleven, and many others.

The property is close to several important community amenities and is supported by a robust customer base. A number of schools surround the property, including Brewer High School, which has a total enrollment of 1,900 students, and Tannahill Intermediate School, which has 914 students. The property is close to some of the region’s largest employers, including the headquarters of the aeronautics division of Lockheed Martin, which employs 15,200 people throughout the region. Adjacent to Lockheed Martin is Naval Air Station Joint Reserve Base Fort Worth, which has 10,000 employees. The property is also located in a densely populated residential area; 119,132 residents live within a five-mile radius of the property, providing a sizeable customer base for Take 5.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link