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Take 5 Oil Change | Brand New Construction | 15 Year NNN lease

6025 Folsom Dr, Beaumont, TX 77708

Listing Price: $2,313,717

Cap Rate
5.30%
Tenant Name
Take 5
Years Remaining On Lease
15.2
Guarantor
Franchisee Guarantee
Rentable SF
1,438
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$85.28

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Oil Change located at 6025 Folsom Dr, Beaumont, TX. The site consists of roughly 1,438 rentable square feet of building space on an estimated 0.94-acre parcel of land. This Take 5 Oil Change is subject to a 15-year absolute triple-net (NNN) lease, which commenced July 4th, 2022. The current annual rent is $122,627 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the three (3), five (5)-year renewal options. The year one rent is subject to a minor adjustment based on the final sales Cap, please contact the listing agent for additional information.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • A+ Location | The Intersection of Folsom and Dowlen Road where the Take 5 Property is Located, is the Center of Millions of Square Feet of Retail
  • Brand New 2022 Construction | 10% Rental Increases Every Five Years

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Parts

Take 5 Oil Change | Brand New Construction | 15 Year NNN lease

Listing Price: $2,313,717

Cap Rate
5.30%
Tenant Name
Take 5
Years Remaining On Lease
15.2
Guarantor
Franchisee Guarantee
Rentable SF
1,438
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$85.28

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • A+ Location | The Intersection of Folsom and Dowlen Road where the Take 5 Property is Located, is the Center of Millions of Square Feet of Retail
  • Brand New 2022 Construction | 10% Rental Increases Every Five Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Oil Change located at 6025 Folsom Dr, Beaumont, TX. The site consists of roughly 1,438 rentable square feet of building space on an estimated 0.94-acre parcel of land. This Take 5 Oil Change is subject to a 15-year absolute triple-net (NNN) lease, which commenced July 4th, 2022. The current annual rent is $122,627 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the three (3), five (5)-year renewal options. The year one rent is subject to a minor adjustment based on the final sales Cap, please contact the listing agent for additional information.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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