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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

Huddle House
Kroger
Cotton Patch Café
Southside Bank
Starbucks
World Gym
Taco Bueno
McAlister's Deli
Woodforest National Bank
Taco Casa
  • Listing ID: 31365448

  • Date on Market: 3/29/2024

  • Last Updated:

  • Address: 1514 W Henderson St, Cleburne, TX 76033

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