Take 5 Oil Change Ground Lease | 2694 Market st
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Take 5 Oil Change Ground Lease 2694 Market st
1,315 SF Retail Building Gilbert, AZ 85295 $1,685,000 ($1,281/SF) 4.75% Cap Rate
Executive Summary
- ???????Single-tenant Take 5 Oil Change investment opportunity offering an absolute triple net (NNN) ground lease with ±13.75 years remaining, three (3), five (5) year options, and 10% rental increases every five years.
-This investment offers an attractive low rent and price point.
-This location boasts strong demographics with a total population of ±124,339 and an average household income of $158,076 in a 3-mile radius (Source: Esri).
- Founded in 1984 as Rapid Oil Change, Take 5 Oil Change and Driven Brands is the largest automotive services company in North America with approximately 5,000 brand locations and $6.3 billion in system wide sales (Source: drivenbrands.com).
- The Property is located across the street from San Tan Village Marketplace – a ±280,559 square-foot shopping center anchored by Sam’s Club and Walmart Supercenter, and down the street from San Tan Village – a ±1,203,000 square-foot high-performing outdoor shopping mall anchored by Dillard’s, Macy’s, Harkin’s Theatres, Dick’s Sporting Goods, Best Buy, and Nordstrom Rack; and San Tan Pavilions – a ±287,000 square-foot shopping center anchored by At Home and Trader Joe’s.
- Approximately two miles south of the Property is the Dignity Health Mercy Gilbert Medical Center, a medical campus with ±197 beds and over 1,400 employees (Source: dignityhealth.com).
-This investment offers an attractive low rent and price point.
-This location boasts strong demographics with a total population of ±124,339 and an average household income of $158,076 in a 3-mile radius (Source: Esri).
- Founded in 1984 as Rapid Oil Change, Take 5 Oil Change and Driven Brands is the largest automotive services company in North America with approximately 5,000 brand locations and $6.3 billion in system wide sales (Source: drivenbrands.com).
- The Property is located across the street from San Tan Village Marketplace – a ±280,559 square-foot shopping center anchored by Sam’s Club and Walmart Supercenter, and down the street from San Tan Village – a ±1,203,000 square-foot high-performing outdoor shopping mall anchored by Dillard’s, Macy’s, Harkin’s Theatres, Dick’s Sporting Goods, Best Buy, and Nordstrom Rack; and San Tan Pavilions – a ±287,000 square-foot shopping center anchored by At Home and Trader Joe’s.
- Approximately two miles south of the Property is the Dignity Health Mercy Gilbert Medical Center, a medical campus with ±197 beds and over 1,400 employees (Source: dignityhealth.com).
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,315 SF
Year Built
2023
Price
$1,685,000
Price Per SF
$1,281
Cap Rate
4.75%
NOI
$80,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.64 AC
Amenities
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Take 5 Oil Change
- Services
- 99,999 SF
- -
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Take 5 Oil Change | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 313-21-979 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $847,843 |
PROPERTY TAXES
Parcel Number
313-21-979
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$847,843
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Take 5 Oil Change Ground Lease | 2694 Market st
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