Auto Parts
Take 5 Oil Change | Brand New Construction | 15 Year NNN lease
6025 Folsom Dr, Beaumont, TX 77708
Listing Price: $2,313,717
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.
Take 5 Oil Change | Brand New Construction | 15 Year NNN lease
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
Auto Parts
Take 5 Oil Change | Brand New Construction | 15 Year NNN lease
Listing Price: $2,313,717
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.
