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Auto Service - Gas-Conv

Take 5 (2021 Build - Abs NNN)

2703 Airport Rd, Dalton, GA 30721

Listing Price: $2,043,000

Cap Rate
5.75%
Tenant Name
Take 5
Years Remaining On Lease
7.7
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$1,362.00
Lease Type
Absolute Net
Rent Per Square Feet
$78.33

Investment Overview

Marcus & Millichap is proud to offer for sale the Take 5 oil change facility located in Dalton, Georgia at 2703 Airport Road. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is operated by Stella Blue Ventures, LLC which is a growing multi-unit franchisee with twelve Take 5 locations regionally. The 10-year lease was originally signed in 2021 and currently is set to expire on October 31st, 2031. The lease includes 10% rent bumps every five years throughout the lease and the option periods. The property was built and opened for business in 2021 and the building is 1,500 square feet with three oil change bays. This site is ideally located at the intersection of Airport Road and East Walnut Avenue which are two main thoroughfares through east Dalton. There are over 64,000 residents who live within a five-mile radius of the Dalton Take 5 property.

Investment Highlights

  • Absolute NNN Lease, Operated by Growing Regional Franchisee Stella Blue Ventures, LLC
  • Approximately 8 Years of Remaining Lease Term with Scheduled 10% Rent Bumps Every 5 Years
  • Property Situated within Walking Distance of Walmart, Dalton Mall, ALDI, Hobby Lobby and Many Other National Retailers
  • More than 64,000 Residents Live within 5 Miles of the Subject Property
  • Stella Blue Ventures Currently Operates 12 Take 5 Locations with Other Planned for Development

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Auto Service - Gas-Conv

Take 5 (2021 Build - Abs NNN)

Listing Price: $2,043,000

Cap Rate
5.75%
Tenant Name
Take 5
Years Remaining On Lease
7.7
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$1,362.00
Lease Type
Absolute Net
Rent Per Square Feet
$78.33

Investment Highlights

  • Absolute NNN Lease, Operated by Growing Regional Franchisee Stella Blue Ventures, LLC
  • Approximately 8 Years of Remaining Lease Term with Scheduled 10% Rent Bumps Every 5 Years
  • Property Situated within Walking Distance of Walmart, Dalton Mall, ALDI, Hobby Lobby and Many Other National Retailers
  • More than 64,000 Residents Live within 5 Miles of the Subject Property
  • Stella Blue Ventures Currently Operates 12 Take 5 Locations with Other Planned for Development

Investment Overview

Marcus & Millichap is proud to offer for sale the Take 5 oil change facility located in Dalton, Georgia at 2703 Airport Road. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is operated by Stella Blue Ventures, LLC which is a growing multi-unit franchisee with twelve Take 5 locations regionally. The 10-year lease was originally signed in 2021 and currently is set to expire on October 31st, 2031. The lease includes 10% rent bumps every five years throughout the lease and the option periods. The property was built and opened for business in 2021 and the building is 1,500 square feet with three oil change bays. This site is ideally located at the intersection of Airport Road and East Walnut Avenue which are two main thoroughfares through east Dalton. There are over 64,000 residents who live within a five-mile radius of the Dalton Take 5 property.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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