Auto Parts
Take 5 Oil Change
5250 Florida Ave S, Lakeland, FL 33813
Listing Price: $2,453,271
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located at 5250 S Florida, Lakeland, FL. The subject property totals approximately 2,040 rentable square feet of building space on a total estimated 0.52-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 $131,250 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: $2,453,271
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 5250 S Florida, Lakeland, FL. The subject property totals approximately 2,040 rentable square feet of building space on a total estimated 0.52-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 $131,250 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four, five-year option periods.
