Restaurant
Take 5 Oil Change
701 E Main St, Magnolia, AR 71753
Listing Price: $1,287,800
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located at 701 E Main St in Magnolia, AR. The subject property totals approximately 4,240 rentable square feet of building space on a total estimated 0.37-acre parcel of land. The investment is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The annual rent will be $77,268 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four, five-year option periods.
Listing Price: $1,287,800
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guarantee from Driven Systems, LLC
- Attractive Rental Increases |1.50% Annually Starting Year 2
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located at 701 E Main St in Magnolia, AR. The subject property totals approximately 4,240 rentable square feet of building space on a total estimated 0.37-acre parcel of land. The investment is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The annual rent will be $77,268 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four, five-year option periods.
