Auto Service - Gas-Conv
Take 5 Oil Change Ground Lease
112 S Morrison Blvd, Hammond, LA 70403
Listing Price: $1,076,900
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.
Take 5 Oil Change Ground Lease
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)
Auto Service - Gas-Conv
Take 5 Oil Change Ground Lease
Listing Price: $1,076,900
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.
