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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

Capital Commercial Partners is pleased to bring to the market this Take 5 corporately guaranteed absolute NNN Ground Lease located in Copperas Cove, TX. The investment offers no landlord responsibilities and 10% rental increases every 5 years. The site is an A+ location with excellent underlying real estate fundamentals in a high growth market. The location is on U.S. 190 with combined traffic counts of 88,482 vehicles per day and shadow anchored by Walmart Supercenter & H-E-B Plus. The tenant just added 1 year to the initial base term with 10.4 years remaining and 4-5 year options to renew. The site is within close proximity to one of the largest military installations in the world; Fort Hood with nearly 65,000 soldiers. It has an annual economic impact of $29.8 billion.
TX Broker Of Record Bang Realty- Texas, Inc.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,490 SF
Building Class
C
Year Built
1999
Price
$1,500,000
Price Per SF
$1,007
Cap Rate
5%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
0.48 AC
Zoning
Commercial - Land use for business activities, ensuring that commercial operations are appropriately situated within a community.
Frontage
99 FT on Liberty Bell Ln

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

PROPERTY TAXES

Parcel Number
118241
Land Assessment
$255,530
Improvements Assessment
$169,470
Total Assessment
$425,000
  • Listing ID: 28548299

  • Date on Market: 5/22/2023

  • Last Updated:

  • Address: 205 Liberty Bell Ln, Copperas Cove, TX 76522

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