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Auto Service - Gas-Conv

Take 5 | 15-Years Remaining | Rapidly Expanding Auto Concept

9440 Midlothian Tpke, Bon Air, VA 23235

Listing Price: $1,277,311

Cap Rate
5.95%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
15.0
Guarantor
Franchisee Guarantee
Rentable SF
1,432
Lease Type
NNN Ground Lease
Rent Per Square Feet
$53.07

Investment Overview

The Tenant, Quick Lube of Carolina, recently executed a new 15-year NNN ground lease that commences in January 2025. The lease features 10 percent rental increases every five years during the base term and four, five-year option periods providing an excellent hedge against inflation. The tenant will operate in a newly constructed 1,433-square-foot building with three service bays.

Investment Highlights

  • New 15-Year Ground Lease with 10 Percent Increases Every Five Years
  • Prominent Signalized Intersection; Fronts 54,000 VPD
  • "Guaranteed by Take 5's Largest Franchisee

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Auto Service - Gas-Conv

Take 5 | 15-Years Remaining | Rapidly Expanding Auto Concept

Listing Price: $1,277,311

Cap Rate
5.95%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
15.0
Guarantor
Franchisee Guarantee
Rentable SF
1,432
Lease Type
NNN Ground Lease
Rent Per Square Feet
$53.07

Investment Highlights

  • New 15-Year Ground Lease with 10 Percent Increases Every Five Years
  • Prominent Signalized Intersection; Fronts 54,000 VPD
  • "Guaranteed by Take 5's Largest Franchisee

Investment Overview

The Tenant, Quick Lube of Carolina, recently executed a new 15-year NNN ground lease that commences in January 2025. The lease features 10 percent rental increases every five years during the base term and four, five-year option periods providing an excellent hedge against inflation. The tenant will operate in a newly constructed 1,433-square-foot building with three service bays.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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