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Auto Service - Gas-Conv

Take 5 Oil Change

17780 Bagley Rd, Cleveland, OH 44130

Listing Price: $1,455,000

Cap Rate
5.75%
Tenant Name
Take 5
Years Remaining On Lease
11.8
Gross SF
1,610
Guarantor
Subsidiary of a Corporation
Rentable SF
1,610
Price/Gross SF
$903.73
Lease Type
Absolute Net
Rent Per Square Feet
$51.96

Investment Overview

Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA). Prime Highway-Exit Site – Just 0.1-Mile from I-71 Exit Ramps; I-71 Sees 105,400 VPD. Irreplaceable Location at Hard Corner with a Combined 36,310 VPD. Bagley Road Corridor – Infill Highway-Exit Commercial Corridor with Numerous QSR Restaurants, Medical Facilities, 12 Hotels, and Other Daily Needs Retail Including Grocery.

Investment Highlights

  • Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA)
  • Fee Simple (Land & Building) Ownership; Potential for Bonus Depreciation
  • Longstanding Tenant with New 15-Year Lease Commenced in December 2021
  • 1.5% Annual Rent Increases During Initial Term & All Options; Adds Over 100 bps to CAP Rate by Current 2036 Lease Expiration
  • Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
  • Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
  • Lessee Entity is a Wholly-Owned Subsidiary of Driven Brands Holdings, Inc. (Nasdaq: DRVN) with $2.7 Billion Market Cap
  • Driven Brands – In Business Since the 1970's with Over 5,000 Owned & Franchised Auto Service Locations in 13 Countries

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Take 5 Oil Change

Listing Price: $1,455,000

Cap Rate
5.75%
Tenant Name
Take 5
Years Remaining On Lease
11.8
Gross SF
1,610
Guarantor
Subsidiary of a Corporation
Rentable SF
1,610
Price/Gross SF
$903.73
Lease Type
Absolute Net
Rent Per Square Feet
$51.96

Investment Highlights

  • Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA)
  • Fee Simple (Land & Building) Ownership; Potential for Bonus Depreciation
  • Longstanding Tenant with New 15-Year Lease Commenced in December 2021
  • 1.5% Annual Rent Increases During Initial Term & All Options; Adds Over 100 bps to CAP Rate by Current 2036 Lease Expiration
  • Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
  • Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
  • Lessee Entity is a Wholly-Owned Subsidiary of Driven Brands Holdings, Inc. (Nasdaq: DRVN) with $2.7 Billion Market Cap
  • Driven Brands – In Business Since the 1970's with Over 5,000 Owned & Franchised Auto Service Locations in 13 Countries

Investment Overview

Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA). Prime Highway-Exit Site – Just 0.1-Mile from I-71 Exit Ramps; I-71 Sees 105,400 VPD. Irreplaceable Location at Hard Corner with a Combined 36,310 VPD. Bagley Road Corridor – Infill Highway-Exit Commercial Corridor with Numerous QSR Restaurants, Medical Facilities, 12 Hotels, and Other Daily Needs Retail Including Grocery.

Exclusively Listed By

Financing By

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