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Auto Service - Gas-Conv

Take 5 Oil Change | Houston | Long Term Absolute Net Ground Lease | 2021 Construction | Hard Corner

4081 Farm to Market 1960 Rd W, Houston, TX 77014

Listing Price: $1,523,810

Cap Rate
5.25%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
11.5
Gross SF
1,074
Guarantor
Corporate Guarantee
Rentable SF
1,074
Price/Gross SF
$1,418.82
Lease Type
Ground Lease
Rent Per Square Feet
$74.49

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

Investment Highlights

  • Long Term Absolute Net Ground Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increase in 2027 and at Each Option. Brand New 2021 High Quality Construction.
  • Corporate Guarantee by Driven Systems, LLC. Driven Brands has more than 3,100 Centers across North America and Generates Revenues of $2.6 billion a Year.
  • In 2015, it became a Portfolio Company of Roark Capital Group. Roark Capital Group is an Atlanta-based Private Equity Firm with Approximately $18 Billion in Assets Under Management.
  • Densely Populated Affluent Area: Features an Average Household Income of $84k+ within a 3-Mile Radius and over 341k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility at a Signalized Prime Hard Corner to Combined Daily Traffic Counts Exceeding 54k+ Vehicles.
  • Surrounded by Numerous National Retailers including The Home Depot, ALDI, Walmart, CVS Pharmacy, Walgreens, Hobby Lobby, Big Lots, Petco and many more.

Exclusively Listed By

Auto Service - Gas-Conv

Take 5 Oil Change | Houston | Long Term Absolute Net Ground Lease | 2021 Construction | Hard Corner

Listing Price: $1,523,810

Cap Rate
5.25%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
11.5
Gross SF
1,074
Guarantor
Corporate Guarantee
Rentable SF
1,074
Price/Gross SF
$1,418.82
Lease Type
Ground Lease
Rent Per Square Feet
$74.49

Investment Highlights

  • Long Term Absolute Net Ground Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increase in 2027 and at Each Option. Brand New 2021 High Quality Construction.
  • Corporate Guarantee by Driven Systems, LLC. Driven Brands has more than 3,100 Centers across North America and Generates Revenues of $2.6 billion a Year.
  • In 2015, it became a Portfolio Company of Roark Capital Group. Roark Capital Group is an Atlanta-based Private Equity Firm with Approximately $18 Billion in Assets Under Management.
  • Densely Populated Affluent Area: Features an Average Household Income of $84k+ within a 3-Mile Radius and over 341k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility at a Signalized Prime Hard Corner to Combined Daily Traffic Counts Exceeding 54k+ Vehicles.
  • Surrounded by Numerous National Retailers including The Home Depot, ALDI, Walmart, CVS Pharmacy, Walgreens, Hobby Lobby, Big Lots, Petco and many more.

Investment Overview

Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with an estimated 2019 population of 2,320,268. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after the Dallas–Fort Worth metroplex, with a population of 7,066,141 in 2019. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Houston is the eighth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area, whose government is not consolidated with that of a county, parish, or borough. Though primarily in Harris County, small portions of the city extend into Fort Bend and Montgomery counties, bordering other principal communities of Greater Houston such as Sugar Land and The Woodlands.

Exclusively Listed By

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