Take 5 Oil Change | 8+yrs Remain Corp Abs NNN | 35971 US Hwy 27 N
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Take 5 Oil Change | 8+yrs Remain Corp Abs NNN 35971 US Hwy 27 N
1,456 SF Retail Building Haines City, FL 33844 $1,143,000 ($785/SF) 5.25% Cap Rate
Investment Highlights
- 8+ Years Remaining | Options to Extend | Scheduled Rental Increases | Corporate Signed
- Fronting US Hwy 27 | Part of Citrus Crossing | New Developments | Surrounding Big Box Retailers
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities | No State Income Tax
Executive Summary
• Brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The franchisee signed lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
• Take 5 Oil Change® expands total footprint to over 900 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multi-year runway for growth
• The franchisee signed lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
• Take 5 Oil Change® expands total footprint to over 900 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multi-year runway for growth
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
1,456 SF
Building Class
C
Year Built
2022
Price
$1,143,000
Price Per SF
$785
Cap Rate
5.25%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
0.60 AC
Zoning
CG - Commercial General
Parking
7 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
107 FT on U.S. 27
Amenities
- Freeway Visibility
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Number | 27-27-20-749034-000020 | Improvements Assessment | $252,394 |
| Land Assessment | $243,414 | Total Assessment | $495,808 |
PROPERTY TAXES
Parcel Number
27-27-20-749034-000020
Land Assessment
$243,414
Improvements Assessment
$252,394
Total Assessment
$495,808
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Connor Barton -
Power Broker Patrick Nutt -
SRS Real Estate Partners
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Take 5 Oil Change | 8+yrs Remain Corp Abs NNN | 35971 US Hwy 27 N
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