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Auto Service - Gas-Conv

Take 5 Oil Change

1851 State Rd, Summerville, SC 29486

Listing Price: $1,408,000

Cap Rate
6.10%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.4
Gross SF
1,425
Guarantor
Regional Franchisee
Rentable SF
1,425
Price/Gross SF
$988.07
Lease Type
NNN Ground Lease
Rent Per Square Feet
$60.26

Investment Overview

Marcus & Millichap is pleased to present for sale a new construction Take 5 Oil Change located in Summerville, South Carolina.

Investment Highlights

  • New Construction 15-Year Absolute NNN Ground Lease
  • 10 Unit Guaranty | Successful and Growing Multi-Unit Operator
  • 10% Rent Increases Every Five Years (Through Initial 15-Year Term And In Each Option Period)
  • Located Between (2) Large, Master-Planned Communities: Nexton and Cane Bay Plantation (Over 40,000 New Construction Residences)
  • Near the #1 Ranked Publix in the State Based On Customer Foot Traffic (Placer, Ai) | 1.4M Annual Customer Visits (Placer.ai)
  • Additional Surrounding Retailers Include: Chick Fil-A, McDonald's, Starbucks, Autozone, O'Reilly Auto Parts, And Dollar General
  • Surrounded by New Development | National Retailers, Single-Family and Multi-Family Communities
  • Berkeley County | Fastest Growing County in SC and Top 20 Fastest Growing Counties in USA

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Take 5 Oil Change

Listing Price: $1,408,000

Cap Rate
6.10%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.4
Gross SF
1,425
Guarantor
Regional Franchisee
Rentable SF
1,425
Price/Gross SF
$988.07
Lease Type
NNN Ground Lease
Rent Per Square Feet
$60.26

Investment Highlights

  • New Construction 15-Year Absolute NNN Ground Lease
  • 10 Unit Guaranty | Successful and Growing Multi-Unit Operator
  • 10% Rent Increases Every Five Years (Through Initial 15-Year Term And In Each Option Period)
  • Located Between (2) Large, Master-Planned Communities: Nexton and Cane Bay Plantation (Over 40,000 New Construction Residences)
  • Near the #1 Ranked Publix in the State Based On Customer Foot Traffic (Placer, Ai) | 1.4M Annual Customer Visits (Placer.ai)
  • Additional Surrounding Retailers Include: Chick Fil-A, McDonald's, Starbucks, Autozone, O'Reilly Auto Parts, And Dollar General
  • Surrounded by New Development | National Retailers, Single-Family and Multi-Family Communities
  • Berkeley County | Fastest Growing County in SC and Top 20 Fastest Growing Counties in USA

Investment Overview

Marcus & Millichap is pleased to present for sale a new construction Take 5 Oil Change located in Summerville, South Carolina.

Exclusively Listed By

Financing By

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