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2755 W Alex Bell Rd
Moraine, OH 45459

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,220 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.88 AC
Parking
4 Spaces (1.04 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

ABOUT 2755 W ALEX BELL RD , MORAINE, OH 45459

Take 5 Oil Change - 20 Year NNN Sale - Leaseback Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change Sale-Leaseback located at 2755 Alex Bell Road in Moraine, OH. This location is currently branded as a Quikstop Oilube and will be rebranded to Take 5 Oil Change in early 2017. The property is 2,040 rentable square feet and is situated on a 0.88 acre lot. Take 5 Oil Change is subject to a 20-year triple-net (NNN), sale-leaseback. The lease will be corporately guaranteed by Driven Brands and will commence upon close of escrow. The base annual rent will be $82,075 and will have 1.75% annual rental increases during the base term and continuing through the four, five-year tenant renewal options. The lease will be corporately guaranteed by Driven Brands. Driven Brands is an investment grade tenant with an S&P credit rating of BBB-. Driven Brands is a leader in the automotive aftermarket industry and parent company of Meineke, Maaco, CARSTAR, 1-800 Radiator and Take 5 Oil Change as well as several additional brands. These brands generate $2.5 Billion in annual system wide sales through their 2,400 locations in the U.S. and Canada. Take 5 Oil Change is located at 2755 Alex Bell Road West in Moraine, Ohio. Moraine is a city in Montgomery County, Ohio. Dayton is approximately four miles north of Moraine. The subject property is well positioned in a dense retail corridor, benefitting from its proximity to major national and local tenants. Kroger, Meijer, McDonald' s, CVS Pharmacy, Walgreens, Tim Hortons, Speedway, Dollar Tree, AutoZone, among many other retailers are located in the immediate area. Take 5 Oil Change also benefits from increased traffic generated from the nearby densely populated residential communities. Also, several schools such as West Carrollton High School and Harold Schnell Elementary School are located within one mile of the property and have a total combined enrollment of over 1,500 students. Take 5 Oil Change has approximately 54,037 residents within a three-mile radius of the property and more than 162,882 within a five-mile radius. Alex Bell Road has traffic counts of 20,669 vehicles per day. Nearby North Springboro Pike has a daily traffic count of 32,550 vehicles.

PROPERTY TAXES

  • Listing ID: 6374575

  • Date on Market: 3/21/2017

  • Last Updated:

  • Address: 2755 W Alex Bell Rd, Moraine, OH 45459