Take 5 Oil Change 2597 Crawfordville Hwy
9,975 SF Retail Building Crawfordville, FL 32327 $1,109,430 ($111/SF) 5.75% Cap Rate
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INVESTMENT HIGHLIGHTS
- 2019 retrofit of former Super Lube building
- ±9-years remaining on absolute NNN lease with zero landlord responsibilities
- Corporate guarantee from Driven Brands
- The subject property qualifies for bonus depreciation (consult with your tax professional)
- 10% rent increases every 5 years for the life of the lease (base term and options)
- Traffic counts exceed ±18,800 vehicles daily on Hwy 319
EXECUTIVE SUMMARY
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
- -
- Triple Net
- -
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 | |
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Services | - | - | Triple Net | - |
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 00-00-075-000-10238-007 | Improvements Assessment | $441,167 |
Land Assessment | $500,000 | Total Assessment | $941,167 |