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Take 5 Oil Change, Hammond, LA

Take 5 Oil Change

Price $1,127,000
Cap Rate 6.00%
NOI $67,570
Lease Term 10 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases 2% Annual Rental Increases
Year Built 2009
Building Size 2,165 SF
Lot Size 0.30 Acres (13,068 SF)
Status Available
Lead Broker Information 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

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

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #0182329

Investment Highlights

10-YEAR ABSOLUTE NNN LEASE
» 2% annual rental increases, 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-ofarea investor
» Leased to corporate entity with more than 450 units

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 24,769 AADT on Morrison Boulevard and 28,561 AADT on nearby U.S. Highway 190
» Perpendicular of Town & Country Plaza tenanted by Winn-Dixie, Ross, Office Depot, Tuesday Morning, and more
» Within two miles of three major shopping centers (combined 1.2 million SF of retail space, 126 stores) and two Walmart Supercenter locations (one within walking distance of the property)
» Surrounded by several other national retail brands, including Starbucks, Domino’s Pizza, Popeye’s Louisiana Kitchen, Office Depot, Buffalo Wild Wings, McDonald’s, and more

CENTRAL LOCATION NEAR LARGE SCHOOLS, EMPLOYERS, AND ATTRACTIONS
» Two miles from Southeastern Louisiana University (14,000+ students, 1,100+ employees)
» Near North Oaks Health System (344 beds, 2,700 employees, $1.7 billion in annual total patient revenue)
» Minutes from community attractions like Louisiana Children’s Discovery Center, North Oak Park, and Louisiana Treasures Museum

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Poised for explosive growth



Property Description

The property is conveniently located on South Morrison Boulevard, with excellent visibility and access to 24,769 vehicles per day directly in front of the location, and 28,561 vehicles per day on nearby U.S. Highway 190. Visibility is increased by the site’s location at the confluence of three highly trafficked thoroughfares (Interstate 55, Interstate 12, and U.S. Highway 51). The property is centralized in a dense retail corridor and is within two miles of three major shopping centers with a combined 1.2 million SF of retail space and 126 stores, including Winn-Dixie, CVS Pharmacy, Ross, The Home Depot, Target, J.C. Penney, Big Lots, Hobby Lobby, and Albertsons. The property is also near two Walmart Supercenter locations, one within walking distance. Other major tenants near the site include Starbucks, Domino’s Pizza, Wendy’s, Popeyes Louisiana Kitchen, Office Depot, Burger King, Buffalo Wild Wings, Subway, KFC, McDonald’s, and more.

The location also benefits from its proximity to Southeastern Louisiana University, which has 14,000+ students and 1,100+ employees. The site experiences increased traffic from being four miles from Hammond’s primary healthcare provider, North Oaks Health System (344 beds, 2,700 employees, $1.7 billion in annual total patient revenue). Additionally, the property is bordered by community attractions like Louisiana Children’s Discovery Center, North Oak Park, and Louisiana Treasures Museum.

Contact Us About This Property

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