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Take 5 Oil Change Ground Lease, Rowlett, TX

Take 5 Oil Change Ground Lease

Price $1,095,000
Cap Rate 5.25%
NOI $57,000
Lease Term 11.5 Years
Lease Type Absolute NNN Ground Lease, with Tenant Responsible for all Taxes, Insurance, Maintenance, and Repair, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases in Initial Term and Options
Year Built 2019
Building Size 1,531 SF
Lot Size 0.34 Acres (15,000 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
Executive Managing Director
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

Investment Highlights

LONG-TERM ABSOLUTE NNN CORPORATE GROUND LEASE
» 11.5-year 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-ofarea investor
» Leased to corporate entity with more than 450 units
» Below market rent

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 41,332 vehicles per day on Lakeview Parkway
» Convenient access to the President George Bush Turnpike (91,184 AADT), a hightraffic roadway forming a partial loop around Dallas
» Infill location in dense retail corridor
» Directly across from both Home Depot and Walmart Supercenter

CENTRAL LOCATION WITH ROBUST DEMOGRAPHICS
» Several large schools are located nearby, including Dorsey Elementary School (647 students), Coyle Middle School (1,104 students), and Rowlett High School (2,710 students)
» Located in a densely populated market, with 243,724 residents living within a fivemile radius
» Rowlett is the eight fastest growing city in the United States
» The Dallas–Fort Worth MSA is the nation’s fastest growing metropolitan area

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Experiencing explosive growth and recently announced franchising plans



Property Description

The property is strategically located on Lakeview Parkway, with excellent visibility and access to 41,332 vehicles per day. Lakeview Parkway provides convenient access to the President George Bush Turnpike (91,184 AADT), a high-traffic roadway forming a partial loop around Dallas. The property is located in a dense retail corridor and is directly across from both Home Depot and Walmart Supercenter. Other well-known retailers near the property include Sprouts Farmers Market, Bank of America, Chick-fil-A, Aldi, Walgreens, Target, Harbor Freight Tools, and many others.

The property benefits from its prime location near major schools and dense residential neighborhoods. Several large schools are located nearby, including Dorsey Elementary School (647 students), Coyle Middle School (1,104 students), and Rowlett High School (2,710 students). Additionally, the property is located in a densely populated market, with 243,724 residents living within a five-mile radius.

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