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Auto Service - Gas-Conv

Take 5 Oil Change | 15 Years Remaining | Largest Franchisee

2000 Rosser Ave, Waynesboro, VA 22980

Listing Price: $1,400,000

Cap Rate
5.00%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
1,435
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.78

Investment Overview

The Tenant, Quick Lube of Carolina, recently executed a new 15-year NNN ground lease that commences in August 2022. The lease features 10 percent rental increases every five years during the base term and four, five-year option periods providing an excellent hedge against inflation. The location has three service bays and is the first in a row of pads as traffic comes off the I-64 Interchange.

Investment Highlights

  • New 15-Year Ground Lease with 10 Percent Increases Every Five Years
  • Guaranteed by Take 5's Largest Franchisee
  • Rapidly Expanding Auto Service Concept with 16 Locations

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Service - Gas-Conv

Take 5 Oil Change | 15 Years Remaining | Largest Franchisee

Listing Price: $1,400,000

Cap Rate
5.00%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
1,435
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.78

Investment Highlights

  • New 15-Year Ground Lease with 10 Percent Increases Every Five Years
  • Guaranteed by Take 5's Largest Franchisee
  • Rapidly Expanding Auto Service Concept with 16 Locations

Investment Overview

The Tenant, Quick Lube of Carolina, recently executed a new 15-year NNN ground lease that commences in August 2022. The lease features 10 percent rental increases every five years during the base term and four, five-year option periods providing an excellent hedge against inflation. The location has three service bays and is the first in a row of pads as traffic comes off the I-64 Interchange.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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