Auto Service - Gas-Conv
Take 5 Oil Change
1851 State Rd, Summerville, SC 29486
Listing Price: $1,374,000
Cap Rate
6.25%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.0
Gross SF
1,425
Guarantor
Regional Franchisee
Rentable SF
1,425
Price/Gross SF
$964.21
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.
Take 5 Oil Change
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
Listing Price: $1,374,000
Cap Rate
6.25%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.0
Gross SF
1,425
Guarantor
Regional Franchisee
Rentable SF
1,425
Price/Gross SF
$964.21
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.
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