Take 5 Oil Change | 1514 W Henderson St
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Take 5 Oil Change 1514 W Henderson St
1,682 SF Retail Building Cleburne, TX 76033 $2,083,333 ($1,239/SF) 6% Cap Rate
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Attractive Rental Increases | 1.50% Annually Starting Year 2
- Corporate Guarantee from Driven 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 1514 West Henderson Street in Cleburne, Texas. The site consists of roughly 1,682 rentable square feet of building space on estimated 0.78-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $125,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,682 SF
Building Class
B
Year Built
2024
Price
$2,083,333
Price Per SF
$1,239
Cap Rate
6%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.78 AC
Opportunity Zone
Yes
Parking
20 Spaces (11.89 Spaces per 1,000 SF Leased)
Frontage
190 FT on West Henderson Street
Nearby Major Retailers
1 of 3
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Take 5 Oil Change | 1514 W Henderson St
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