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Take 5 Oil Change, Stuart, FL

Take 5 Oil Change

Price $1,544,000
Cap Rate 5.75%
NOI $88,746
Lease Term 10 Years
Lease Type Absolute NNN 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 1999 Renovated 2019
Building Size 1,574 SF
Lot Size 0.235 acres (10,233 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

Jack Hinson
Cushman & Wakefield
704.572.9921
jack.hinson@cushwake.com
CA RE License #02059267

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 10-year 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
» Guaranteed by Purple Square Management, operator of over 140 franchise locations

HIGH-TRAFFIC LOCATION WITH EXCELLENT VISIBILITY
» Immediate access to 57,541 AADT directly in front of the property
» Convenient Access to U.S. Highway 1 (57,500 AADT) and State Route 714 (56,000 AADT)
» Located along U.S. Highway 1, the main connector between Miami and Orlando at a lighted intersection

CENTRAL LOCATION IN DENSE RETAIL CORRIDOR
» Within a four-mile radius of six major shopping centers (combined 269 stores, 2.12 million SF of retail space)
» Minutes from eight hotels
» Located on the coast of St. Lucie River, one of the most densely populated areas of Florida
» 95,901 residents within a five-mile radius
» 1.5 miles from Monterey Yacht & Country Club (510 condominiums, 9-hole golf course)

NEAR SCHOOLS AND LARGE EMPLOYERS
» Minutes away from Martin County High School (2,200+ students), Jensen Beach High School (1,600+ students), Stuart Middle School (900+ students), and Felix A. Williams Elementary School (600+ students)
» One mile from Cleveland Clinic Martin Health System (521 beds, 4,000 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



Property Description

The property is strategically located on Southwest Federal Highway/U.S. Highway 1, which experiences a high traffic count of 57,541 vehicles per day directly in front of the site. The property also benefits from immediate access to State Route 714 (56,000 AADT). Visibility is greatly increased by the significant number of travelers using Southwest Federal Highway/U.S. Highway 1 as a main connector between Miami and Orlando. The property is located in a dense retail corridor and is within a four-mile radius of six major shopping centers, featuring a combined 269 stores and 2.12 million SF of retail space. National retail brands in the shopping centers include anchor-tenants like The Home Depot, Dillard’s, Macy’s, Marshalls, Best Buy, Sears, J.C. Penney, and more. The site resides minutes from eight hotels, and benefits from its location on the coast of St. Lucie River, one of the most densely populated areas of Florida.

The property is close to several highly-attended schools, including Martin County High School (2,200+ students), Jensen Beach High School (1,600+ students), Stuart Middle School (900+ students), and Felix A. Williams Elementary School (600+ students). The location conveniently resides one mile from Cleveland Clinic Martin Health System, which features 521 beds and 4,000 employees. The surrounding community is rapidly growing; 95,901 residents live within a five-mile radius of the property, providing a sizeable customer base for Take 5. The location is also just 1.5 miles from Monterey Yacht & Country Club, a growing community that features 510 condominiums and a 9-Hole Golf Course.

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