Take 5 Oil Change Ground Lease | Corporate | 9728 Sullivan Rd
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Take 5 Oil Change Ground Lease | Corporate 9728 Sullivan Rd
1,421 SF Retail Building Baton Rouge, LA 70818 $1,250,000 ($880/SF) 6% Cap Rate
Investment Highlights
- New 15-year absolute NNN ground lease with corporate guaranty
- Take 5 is a subsidiary of Driven Brands, Inc. (4,700 units with $5.3B+ in system-wide sales)
- High-visibility and easily accessible location along Sullivan Road, a major north-south Baton Rouge thoroughfare (29,216 AADT)
- 10% rental increases every five (5) years in initial term and option periods, providing a long-term income generator
- Adjacent to Walmart Supercenter
- New high-quality 2023 construction built to latest Take 5 Oil Change prototype
Executive Summary
Exceptional Visibility and Access: This Take 5 Oil Change has a high-visibility and easily accessible location along Sullivan Road, a major north-south Baton Rouge thoroughfare (29,216 AADT)
Ideally Set in a Large Retail Corridor: The property is surrounded by notable tenants such as Walmart Supercenter, ALDI, CVS, Raising Cane’s, Five Guys, Popeyes, Jack in the Box, Starbucks, and many more, creating significant crossover shopping
Beneficial Proximity to Housing Developments: The site greatly benefits from its proximity to high-density single-family housing developments such as The Settlement on Shoe Creek (over 479 homesites, 250 apartments, 100 Assisted Living Units, numerous parks, and 150,000+ SF of commercial space)
Large and Reliable Customer Base: 55,582 residents live within a five-mile radius of the site, while an excellent average annual household income of $117,459 within a three-mile radius of the property provides an affluent demographic
Growing Demographics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Take 5 Oil Change and Baton Rouge for steady concurrent growth
Ideally Set in a Large Retail Corridor: The property is surrounded by notable tenants such as Walmart Supercenter, ALDI, CVS, Raising Cane’s, Five Guys, Popeyes, Jack in the Box, Starbucks, and many more, creating significant crossover shopping
Beneficial Proximity to Housing Developments: The site greatly benefits from its proximity to high-density single-family housing developments such as The Settlement on Shoe Creek (over 479 homesites, 250 apartments, 100 Assisted Living Units, numerous parks, and 150,000+ SF of commercial space)
Large and Reliable Customer Base: 55,582 residents live within a five-mile radius of the site, while an excellent average annual household income of $117,459 within a three-mile radius of the property provides an affluent demographic
Growing Demographics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Take 5 Oil Change and Baton Rouge for steady concurrent growth
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,421 SF
Building Class
B
Year Built
2024
Price
$1,250,000
Price Per SF
$880
Cap Rate
6%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
0.97 AC
PROPERTY TAXES
| Parcel Number | 03608573 | Improvements Assessment | $0 |
| Land Assessment | $4,000 | Total Assessment | $4,000 |
PROPERTY TAXES
Parcel Number
03608573
Land Assessment
$4,000
Improvements Assessment
$0
Total Assessment
$4,000
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Power Broker Vincent Aicale -
Power Broker Ryan Forsyth -
Power Broker Michael Yuras -
Power Broker Scott Crowle -
Cushman & Wakefield
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Take 5 Oil Change Ground Lease | Corporate | 9728 Sullivan Rd
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