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Take 5 Oil Change 1738 S Broadway

1,661 SF Retail Building Minot, ND 58701 $1,600,000 ($963/SF) 6.75% Cap Rate

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Investment Highlights

New 15-year absolute NNN lease with four (4) five (5) year extension periods
Take 5 Oil Change has nearly 800 locations, proving strong performance across the entire company
53,366 residents live within five miles of the property, increasing visibility to customers in need of essential and routine vehicle services

Excellent 6% rental increase after year five, with rare 1.5% annual rental increases for the remainder of the lease term
High-visibility and easily accessible location along Minot’s most traveled motorway with direct access to 28,230 vehicles per day

Executive Summary

Positioned at the busy intersection of South Broadway and 18th Avenue Southwest, the location benefits from heavy traffic flow, providing excellent visibility for passing drivers. South Broadway is a major commercial route in Minot, with nearby businesses and shopping centers driving regular customer traffic to the area. Situated on a key thoroughfare for commuters traveling to and from downtown Minot, the location attracts steady drive-in customers needing quick oil changes. Surrounded by major retailers, grocery stores, and restaurants, the shop benefits from customers running errands who can conveniently stop for oil changes. Located near residential neighborhoods, the shop serves as a convenient service stop for nearby families and individuals looking for quick vehicle maintenance. The nearby university campus increases traffic from students, faculty, and staff, offering a consistent customer base for the business. Proximity to car dealerships and other auto services makes the location ideal for capturing overflow and cross-service customers.