Take 5 Oil Change | 825 Union Rd
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Take 5 Oil Change 825 Union Rd
1,435 SF Retail Building Englewood, OH 45315 $1,600,000 ($1,115/SF) 6.25% Cap Rate
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Attractive Rental Increases | 1.50% Annually Starting Year 2
- Corporate Guarantee from Driven Brands Funding, LLC (3,500+ Units)
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 825 Union Blvd in Englewood, Ohio. The site consists of roughly 1,435 rentable square feet of building space on estimated 0.65-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $100,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,435 SF
Building Class
B
Year Built
2023
Price
$1,600,000
Price Per SF
$1,115
Cap Rate
6.25%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.65 AC
Parking
10 Spaces (6.97 Spaces per 1,000 SF Leased)
Frontage
255 FT on North Union Road
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | M57-00719-0003 | Improvements Assessment | $60,310 |
Land Assessment | $112,600 | Total Assessment | $172,910 |
PROPERTY TAXES
Parcel Number
M57-00719-0003
Land Assessment
$112,600
Improvements Assessment
$60,310
Total Assessment
$172,910
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Take 5 Oil Change | 825 Union Rd
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