Auto Service - Gas-Conv
Take 5 Oil Change
1150 8th Ave W, Palmetto, FL 34221
Listing Price: $1,364,000
Cap Rate
5.50%
Tenant Name
Take 5 Oil
Years Remaining On Lease
16.1
Guarantor
Franchisee Guarantee
Rentable SF
1,430
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.45
Investment Overview
Brand New 1,430 SF Take 5 Oil Change in Palmetto, FL
Take 5 Oil Change
Investment Highlights
- 1,430 SF Take 5 Oil Change | Brand New 2023 Construction | Store is Expected to Open Q1 2024
- New 15-Year NNN Lease with Two Percent Annual Rent Increases Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Three, Five Year Renewal Options
- Situated on 0.48 Acres
- Blended Cap Rate Over 15 Years = 6.34%
- Located 1 Mile From South Tamiami Trail | 62,000 AADT
- Surrounded by Numerous National Tenants Including; Publix, Wal-Mart Supercenter, Winn Dixie, ALDI, CVS, Etc.
- New Developments Nearby; Creekside Commons (285,000 SF Shopping Center), North River Ranch (2,600 Acre Mixed Use with 6,000 Single Family Homes, Townhomes & Villas, Apartments), Esplanade at Artisan Lakes (Resort-Lifestyle Community in Palmetto, FL).
Exclusively Listed By
Listing Price: $1,364,000
Cap Rate
5.50%
Tenant Name
Take 5 Oil
Years Remaining On Lease
16.1
Guarantor
Franchisee Guarantee
Rentable SF
1,430
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.45
Investment Highlights
- 1,430 SF Take 5 Oil Change | Brand New 2023 Construction | Store is Expected to Open Q1 2024
- New 15-Year NNN Lease with Two Percent Annual Rent Increases Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Three, Five Year Renewal Options
- Situated on 0.48 Acres
- Blended Cap Rate Over 15 Years = 6.34%
- Located 1 Mile From South Tamiami Trail | 62,000 AADT
- Surrounded by Numerous National Tenants Including; Publix, Wal-Mart Supercenter, Winn Dixie, ALDI, CVS, Etc.
- New Developments Nearby; Creekside Commons (285,000 SF Shopping Center), North River Ranch (2,600 Acre Mixed Use with 6,000 Single Family Homes, Townhomes & Villas, Apartments), Esplanade at Artisan Lakes (Resort-Lifestyle Community in Palmetto, FL).
Investment Overview
Brand New 1,430 SF Take 5 Oil Change in Palmetto, FL
Exclusively Listed By
