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Auto Parts

Take 5 Oil Change | 15-Years Remaining | Richmond, VA MSA | 10% Increases

US 360 & Bridgewood Road, Midlothian, VA 23112

Listing Price: $1,428,571

Cap Rate
5.25%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
15.3
Guarantor
Franchisee Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$75,000.00

Investment Overview

Take 5 is prominently located along Hull Street with visibility to 57,900 vehicles per day along Hull Street and Bridgewood Road. The property is immediately across Hull Street from a high-performing Walmart Supercenter and The Home Depot anchored center, which according to geofencing data from Placer.ai, averages 3.7 million annual customer visits. It is positioned across Bridgewood Road from Bridgewood Crossing, anchored by a newly constructed BJ’s Wholesale. These three big box retailers are of major benefit to the Tenant as they generate consistent daytime traffic to the location.

Investment Highlights

  • 15-Year Ground Lease with 10 Percent Increases Every Five Years
  • Below Market Rental Rate
  • Growing Richmond Metro; Adjacent to New 440+ Unit Residential Development

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 Parts

Take 5 Oil Change | 15-Years Remaining | Richmond, VA MSA | 10% Increases

Listing Price: $1,428,571

Cap Rate
5.25%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
15.3
Guarantor
Franchisee Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$75,000.00

Investment Highlights

  • 15-Year Ground Lease with 10 Percent Increases Every Five Years
  • Below Market Rental Rate
  • Growing Richmond Metro; Adjacent to New 440+ Unit Residential Development

Investment Overview

Take 5 is prominently located along Hull Street with visibility to 57,900 vehicles per day along Hull Street and Bridgewood Road. The property is immediately across Hull Street from a high-performing Walmart Supercenter and The Home Depot anchored center, which according to geofencing data from Placer.ai, averages 3.7 million annual customer visits. It is positioned across Bridgewood Road from Bridgewood Crossing, anchored by a newly constructed BJ’s Wholesale. These three big box retailers are of major benefit to the Tenant as they generate consistent daytime traffic to the location.

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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