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, Prairieville, LA

Take 5 Oil Change Ground Lease

Price $887,000
Cap Rate 5.75%
NOI $51,000
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 1,500 SF
Lot Size 0.368 Acres (16,030 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 five (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 outof- area investor
» Leased to corporate entity with more than 450 units

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 41,579 AADT on Airline Highway
» Directly across the street from Walmart Supercenter and Winn-Dixie
» Surrounded by several other national retail brands including American Tire Distributors, Regions Bank, Murphy USA, Papa John’s, AutoZone, Dollar Tree, O’Reilly Auto Parts, Taco Bell, McDonald’s, Burger King, and many others

LOCATED NEAR MANY LOCAL ATTRACTIONS AND HUBS
» Within minutes of many of the Ascension Parish Public Schools (26,000+ students and employees)
» Just down the street from Santa Maria Golf Club, ranked one of the top public golf courses in Southern Louisiana

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 on Airline Highway, with excellent visibility and access to 41,579 vehicles per day directly in front of the property. The property is located just off the signalized intersection of Airline Highway and Perkins Road, which experiences 58,392 vehicles per day. The surrounding area is affluent with an average household income over $121,078 within one mile of the property. Prairieville has been rapidly expanding and now has over 78,503 residents within five miles of the property. Airline Highway is the primary retail corridor in Prairieville and the property is located directly across the street from a Walmart Supercenter. There are many other national retailers along Airline Highway including Winn-Dixie, American Tire Distributors, Regions Bank, Murphy USA, Papa John’s, AutoZone, Dollar Tree, O’Reilly Auto Parts, Taco Bell, McDonald’s, Burger King, and many others.

The location also benefits from its proximity to many of the areas highly rated public schools in the Ascension Public School District, with approximately 3,000 employees and 23,000 students in 28 schools. The property is located near many of the community’s main attractions including Airline Highway Park and the Santa Maria Golf Club, consistently rated on of the best public golf courses in Southern Louisiana.

Contact Us About This Property

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