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, North Richland Hills, TX

Take 5 Oil Change Ground Lease

North Richland Hills, Texas

Price $1,445,000
Cap Rate 4.50%
NOI $65,000
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 10% Rental Increases Every Five (5) Years
Year Built 2021
Building Size 1,462 SF
Lot Size ±0.4630 Acre (20,168 SF)
Status Under Contract
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

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

Investment Highlights

15-YEAR ABSOLUTE NNN GROUND LEASE WITH GUARANTY
» 15-year absolute NNN ground lease with strong corporate guaranty
» 10% rental increases every five (5) years in initial term and option periods, providing a hedge against inflation
» No landlord responsibilities, ideal for out-of-town investor
» Take 5 pad is one of the few parcels zoned for automotive in a high barrier to entry market

HIGH-TRAFFIC LOCATION WITH ACCESS TO OVER 177K VEHICLES
» Strategically located near the signalized intersection of Rufe Snow Drive and Dick Lewis Drive, with access to 49,943 vehicles per day
» Less than a mile from Interstate 820, with immediate access to 127,822 vehicles per day
» Surrounded by high-density single family housing developments and large apartment complexes
» Walking distance to Wood Meadow Apartments (222 units), Shadow Creek (240 units), and Grayson Ridge Apartment Homes (240 units)
» Strong demographics, with 289,990 residents within a five-mile radius, providing a consistent customer base for the property
» Average household income of $93,102 within five miles and projected to increase 10 percent by 2026, poising Take 5 Oil Change and the immediate trade area for concurrent growth

ROBUST LOCATION WITH NEARBY PROMINENT RETAILERS, ESTABLISHED WORKFORCE, AND COMMUNITY ATTRACTIONS
» Shadow-anchored by Walmart Supercenter and Sam’s Club
» Proximity to highly trafficked retail centers with major tenants in the surrounding area such as The Home Depot, WinCo Foods, Burlington, Chick-fil-A, McDonald’s, Wendy’s, Taco Bueno, Chipotle, Dairy Queen, Whataburger, MOD Pizza, Applebee’s, and many more
» Two miles from Medical City North Hills (164 beds)
» Near several large schools including, Richland High School (2,114 students), and Birdville High School (2,077 students)
» Beneficial proximity to Dallas Fort Worth International (63.4 million travelers, 37 billion in economic impact on North Texas Region), and Fort Worth Meacham International Airport (928 employees)
» Gateway to two major Texas cities, Fort Worth (918,915 residents) and Dallas (third-most populous city in Texas, 1.3 million residents)

2021 CONSTRUCTION IN INCOME TAX-FREE STATE
» 2021 construction built to Take 5’s latest prototype – includes three (3) service bays
» 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
» Texas has no state income tax, estate tax, or inheritance tax



Property Description

This Take 5 Oil Change is conveniently located near signalized intersection of Rufe Snow Drive and Dick Lewis Drive, with excellent visibility and access to 49,943 vehicles per day. The site is less than a mile from Interstate 820, with immediate access to 127,822 vehicles per day. Interstate 820 is one of the primary traffic arteries connecting the Dallas-Fort Worth Metroplex. The site is surrounded by high-density single family housing developments and large apartment complexes. The property is within walking distance to Wood Meadow Apartments (222 units), Shadow Creek (240 units), and Grayson Ridge Apartment Homes (240 units). The location has exceptionally strong demographics, with 289,990 residents within a five-mile radius, providing a consistent customer base for the property. The average household income is $93,102 within five miles and is projected to increase 10 percent by 2026, poising Take 5 Oil Change and the immediate trade area for concurrent growth.

The property is shadow-anchored by Walmart Supercenter and Sam’s Club and maintains proximity to many retail centers, a strong traffic driver for the area. Tenants in the surrounding area include The Home Depot, WinCo Foods, Burlington, Floor & Décor, Chick-fil-A, McDonald’s, Wendy’s, Taco Bueno, Chipotle, Dairy Queen, Whataburger, MOD Pizza, Applebee’s, and many more, significantly increasing traffic to the site. The property is two miles from Medical City North Hills (164 beds) and situated near several large schools including, Richland High School (2,114 students) and Birdville High School (2,077 students). The site maintains beneficial proximity to Dallas Fort Worth International (63.4 million travelers, 37 billion in economic impact on North Texas Region) and Fort Worth Meacham International Airport (928 employees). The location is a gateway to two major Texas cities, Fort Worth (918,915 residents) and Dallas (the third-most populous city in Texas, 1.3 million residents).

Contact Us About This Property

Mike & Vince & Ryan & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link