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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

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

Auto Service - Gas-Conv

Take 5 Oil Change

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

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