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Auto Service - Gas-Conv

Take 5 Oil Change Ground Lease

112 S Morrison Blvd, Hammond, LA 70403

Listing Price: $1,076,900

Cap Rate
6.40%
Tenant Name
Take 5 Properties SPV LLC
Years Remaining On Lease
8.3
Guarantor
Corporate Guarantee
Rentable SF
2,165
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.83

Investment Overview

Take 5 offers a drive-thru oil change service that allows customers to remain in their cars while a technician changes the car’s oil and filter, fills vital fluids, and checks tire pressure. There are over 500 Take 5 locations throughout the U.S. Take 5 is one of ten aftermarket automotive brands owned by Driven Brands. Driven Brands is the largest group of automotive aftermarket service companies in the United States, with more than 2,600 centers generating over $2.5 billion in sales in North America.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Ground Lease with Take 5 Oil Change
  • 9 Years Remaining on Lease Term - Tenant Extended the Lease for an Additional 10 Years in 2019
  • 2% Annual Rental Increases
  • 61,862 Residents within a 5-Mile Radius - Growing Hammond Trade Area
  • Located at High Traffic Intersection (56,300+ Cars/Day)

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Chris Lind

    Senior Vice President Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

Auto Service - Gas-Conv

Take 5 Oil Change Ground Lease

Listing Price: $1,076,900

Cap Rate
6.40%
Tenant Name
Take 5 Properties SPV LLC
Years Remaining On Lease
8.3
Guarantor
Corporate Guarantee
Rentable SF
2,165
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.83

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Ground Lease with Take 5 Oil Change
  • 9 Years Remaining on Lease Term - Tenant Extended the Lease for an Additional 10 Years in 2019
  • 2% Annual Rental Increases
  • 61,862 Residents within a 5-Mile Radius - Growing Hammond Trade Area
  • Located at High Traffic Intersection (56,300+ Cars/Day)

Investment Overview

Take 5 offers a drive-thru oil change service that allows customers to remain in their cars while a technician changes the car’s oil and filter, fills vital fluids, and checks tire pressure. There are over 500 Take 5 locations throughout the U.S. Take 5 is one of ten aftermarket automotive brands owned by Driven Brands. Driven Brands is the largest group of automotive aftermarket service companies in the United States, with more than 2,600 centers generating over $2.5 billion in sales in North America.

Exclusively Listed By

  • Mark Ruble

    Executive Managing Director Investments

    (602) 687-6766

    Email Mark

    License(s): AZ: SA550593000, NV: S.0192964

    Phoenix

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Chris Lind

    Senior Vice President Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

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