Take 5 Oil Change 100 McCoy Way
1,420 SF Retail Building Saint Augustine, FL 32095 $1,818,182 ($1,280/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term 20-Year NNN Sale-Leaseback
- Absolute Triple Net (NNN) Lease | The subject investment property will feature an absolute triple net (NNN) lease, with zero landlord responsibilities
- Strong Corporate Guarantee | This lease will be subject to a strong corporate guarantee from Drive Funding Holdco, LLC, (3,500+ Units).
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 100 McCoy Way, St. Augustine, Florida 32095. The site consists of roughly 1420 rentable square feet of building space on an estimated 0.6-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $100,000 and has scheduled increases of 1.50% Annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,420 SF
Building Class
B
Year Built
2025
Price
$1,818,182
Price Per SF
$1,280
Cap Rate
5.50%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.60 AC
Parking
22 Spaces (12.94 Spaces per 1,000 SF Leased)
Frontage
182 FT on McCoy Way
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 072420-0031 | Improvements Assessment | $0 |
| Land Assessment | $750,106 | Total Assessment | $750,106 |
