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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).

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
MidFirst Bank
U.S. Bank
F45 Training, Inc.
Premier Martial Arts
Carrabba’s Italian Grill
Outback Steakhouse
Portillo's
Cafe Rio
Mod Pizza

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
313-21-979
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$847,843
  • Listing ID: 33238231

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: 2694 Market st, Gilbert, AZ 85295

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