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, Sachse, TX (Dallas/Fort Worth MSA)

Take 5 Oil Change Ground Lease

Price $1,355,113
Cap Rate 5.75%
NOI $77,919
Lease Term 10 Years
Lease Type Absolute NNN corporate 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 Q1 2020
Building Size 1,462 SF
Lot Size 1.00 Acres (53,690 SF)
Status Under Contract
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

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 CORPORATE GROUND LEASE
» 10-year absolute NNN corporate 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 DENSELY POPULATED RETAIL CORRIDOR WITH AFFLUENT DEMOGRAPHICS
» 33,940 AADT directly in front of the property along State Highway 78
» Across the street from Walmart Supercenter
» Outparcel to LA Fitness ($2.1 billion in 2018 revenue)
» Within five miles of seven major shopping centers (3 million SF of retail space, 291 stores)
» 182,661 residents and $118,972 AHI within a five-mile radius

NEAR LARGE SCHOOLS AND EMPLOYERS
» Within three miles of Sachse High School (2,700+ students), Wylie High School (2,200+ students), Dr. Al Draper Intermediate School (800+ students), Raymond Cooper Junior High School (700+ students), and Cheri Cox Elementary School (600+ students)
» Two miles from Sanden International (885 employees)

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
» Full-brick upgraded 2020 construction
» Located in an income tax free state


Property Description

SOLD

The property is conveniently located on State Highway 78, which experiences a high traffic count of 33,940 vehicles per day. The site resides in a growing retail corridor and is outparcel to LA Fitness ($2.1 billion in 2018 revenue). Visibility is increased by the property being within five miles of seven major shopping centers with a combined 3 million SF of retail space and 291 stores. Benefitting from its centralized location in a major retail hub, the site is strategically placed across the street from a Walmart Supercenter.

The property is close to several highly attended schools and is within three miles of Sachse High School (2,700+ students), Wylie High School (2,200+ students), Dr. Al Draper Intermediate School (800+ students), Raymond Cooper Junior High School (700+ students), and Cheri Cox Elementary School (600+ students). The location is supported by a robust customer base in a densely populated residential area; 182,661 residents live within a five-mile radius of the property, providing a sizeable customer base for Take 5 Oil Change. The location is two miles from one of the largest employers in Sachse, Sanden International (885 employees). The site is also supported by an affluent customer base with an average household income of $118,972 within a five-mile radius of the property.

Contact Us About This Property

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