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Take 5 Ground Lease (Corporate) 205 Liberty Bell Ln
1,490 SF Retail Building Copperas Cove, TX 76522 $1,500,000 ($1,007/SF) 5% Cap Rate
Investment Highlights
- Take 5 corporately guaranteed NNN ground lease with 10.4 years remaining providing passive ownership
- High profile location between Walmart Supercenter & H-E-B Plus with combined 88,482 vehicles per day
- Close proximity to one of the largest military bases in the world; Fort Hood with 65,000 soldiers
- Tenant just added 1 year to base lease term showing long term commitment to the site
- High growth area in tax free state of TX
- A+ location with excellent underlying real estate fundamentals
Executive Summary
TX Broker Of Record Bang Realty- Texas, Inc.
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Services
- 1,470 SF
- $51.00
- Triple Net
- Sep 2033
Whether it’s an oil change followed by a car wash, a car wash before an oil change…or both at completely different times, Take 5 gets the job done quickly so you can be on your way. Take 5 was founded as Rapid Oil Change. It offered quick oil changes, minor repairs and other maintenance services. Since then, it has seen expansion, faced disaster and become part of the community. What started in Louisiana, just outside New Orleans, spread to several states and across the southeastern United States from Virginia to Texas and several locations, with more shops opening in the coming months. Among the newest locations is the first Take 5 in Florida. To date, the company has opted to limit franchising the brand but it continues to consider future options to do so.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Services | 1,470 SF | $51.00 | Triple Net | Sep 2033 |
PROPERTY TAXES
Parcel Number | 118241 | Improvements Assessment | $169,470 |
Land Assessment | $255,530 | Total Assessment | $425,000 |
PROPERTY TAXES
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Take 5 Ground Lease (Corporate) | 205 Liberty Bell Ln
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