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, Augusta, GA

Take 5 Oil Change Ground Lease

Augusta, GA

Price $1,122,000
Cap Rate 5.35%
NOI $60,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including, Roof, Structure, and Parking Lot
Rental Increases 7.5% Rental Increases Every Five (5) Years
Year Built 2020
Building Size 1,450 SF
Lot Size 0.607 Acres (26,441 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

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE
» Absolute NNN ground lease with zero landlord management responsibilities
» 7.5% rental increases every five years in primary term and extension periods offering hedge against inflation
» Low, replaceable ground rent

PRIME INFILL LOCATION IN A STRONG RETAIL CORRIDOR
» Strategically situated between Highway 104 and Interstate 20 and surrounded by national retailers
» High traffic count on State Route 28/Washington Road of 39,176 vehicles per day directly in front of the property
» Strong average household income of $86,446 within a five-mile radius
» Immediately surrounded by several auto dealerships such as Hyundai, Mercedes- Benz, Nissan, Infiniti, Chrysler Dodge Jeep Ram, Chevrolet, Acura, and others, which act as major traffic drivers

NEAR MANY SCHOOLS, NEIGHBORHOODS, AND THE ICONIC AUGUSTA NATIONAL GOLF CLUB
» 0.7 miles from Westside High School (853 students), and another 14 schools within a 15-minute drive, serving as additional traffic to the site
» Surrounded by densely populated neighborhoods
» Less than five minutes from the iconic Augusta National Golf Course, home of The Master’s Tournament (economic impact of over $120M in just one week)

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than 5 minutes, with customer remaining in car
» New construction featuring the tenant’s latest prototype
» Take 5 is experiencing explosive growth with continued aggressive expansion plans



Property Description

The property is located on Washington Road with excellent access and visibility to 39,176 vehicles per day directly in front of the site. The surrounding area is affluent and densely populated with 135,299 residents within five miles of the property and an average household income of $86,446 within five miles of the property.

The property is strategically surrounded by several auto dealerships including Hyundai, Mercedes-Benz, Nissan, Infiniti, Chrysler Dodge Jeep Ram, Chevrolet, Acura, and others, acting as major traffic drivers for the site. Moreover, the property is located less than a five-minute drive from the iconic Augusta National Golf Club, home of The Master’s.

Contact Us About This Property

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