Take 5 Oil Change 601 Whitney Ranch Drive 1,432 SF Retail Building Henderson, NV 89014 $2,870,000 ($2,004.19/SF) 5.75% Cap Rate



EXECUTIVE SUMMARY
Single-tenant Take 5 Oil Change, offering a brand-new 15-year absolute triple-net (NNN) lease with 10% rental increases every 5 years. » Driven Brands (Nasdaq: DRVN), the parent company of Take 5 Oil Change, 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). » MEQT5, the operator, currently has ±7 locations with plans to open more than 60 locations. MEQT5’s territories include the Las Vegas MSA, Orange County, and East Los Angeles. MEQT5 is a subsidiary of Mass Equities, Inc (MEQ), which is a private-equity real estate firm. MEQ’s principals have been involved in over $14B of transactions. » The Property is located on the hard corner of W Sunset Rd (±32,000 VPD) and Whitney Ranch Rd (±8,600 VPD) (Source: NDOT). » The Property is minutes away from Galleria At Sunset, a ±1.1M SF shopping center with ±115 retailers and ±3.81 million annual visitors. Nearby national retailers include Target, Costco, Nordstrom Rack, Dick’s Sporting Goods, Sprout’s, Macy’s, Dillard’s, Kohl’s, Total Wine, Ross Dress for Less, and many more. » Sunset Station Hotel & Casino (±457 rooms) and Green Valley High School (±2,603 students) are located ±5 minutes away from the Property (Source: US News). » This location boasts strong demographics with a dense population of ±153,652 and a healthy average household income of ±$98,445 in a 3-mile radius (Source: Esri).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,432 SF
Building Class
B
Year Built
2023
Price
$2,870,000
Price Per SF
$2,004.19
Cap Rate
5.75%
NOI
$165,025
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.58 AC
Zoning
CC - Community Commercial
AMENITIES
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 178-04-614-006 | Improvements Assessment | $389,532 |
Land Assessment | $381,452 | Total Assessment | $770,985 |