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Take 5 Oil Change Ground Lease, Baton Rouge, LA

Take 5 Oil Change Ground Lease

Price $1,026,000
Cap Rate 5.75%
NOI $59,000
Lease Term 10 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 Every Five (5) Years
Year Built 2020
Building Size 1,462 SF
Lot Size 0.48 Acres (21,000 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

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Investment Highlights

10-YEAR ABSOLUTE NNN GROUND LEASE
» 10-year absolute NNN ground lease with 10% rental increases every 5 years, 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
» Leased to corporate entity with more than 450 units

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 26,795 AADT on O’Neal Lane
» Directly across the street from Walmart Supercenter
» Surrounded by several other national retail brands including AMC Theatres, AutoZone, Walgreens, McDonald’s, Regions Bank, Murphy USA, Starbucks, Taco Bell, and many others

CENTRAL LOCATION NEAR SCHOOLS AND COMMUNITY HUBS
» Within minutes of Louisiana State University (31,700+ students | 6,500+ staff)
» Close proximity to Ochsner Medical Center – Baton Rouge, a 150-bed hospital with over 200 skilled providers

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
» New 2020 construction to tenant’s latest prototype



Property Description

The property is strategically located at the corner of O’Neal Lane and Hewwood Avenue with excellent visibility and access to 26,795 vehicles per day directly in front of the property. It is just off Interstate 12, which experiences 88,599 vehicles per day. Interstate 12 the primary east-west thoroughfare leading to Downtown Baton Rouge. The property is located in an affluent and densely populated area with 143,115 residents and an average household income over $83,000 within five miles of the property. The property is located in a strong retail corridor with many national retailers in the surrounding area including Walmart Supercenter, AMC Theatres, AutoZone, Walgreens, McDonald’s, Regions Bank, Murphy USA, Starbucks, Taco Bell, and many others.

The property also benefits from its proximity to the Ochsner Medical Center, a 150-bed hospital including 13 health centers and a team of more than 200 providers. The property is only 11 miles from Louisiana State University, the flagship school of the state of Louisiana, with over 31,700 students and 6,500 staff. Louisiana State University draws sports fans from across the state and country for its sports program, which is coming off its fourth NCAA football championship and 44th NCAA championship across all sports.

Contact Us About This Property

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