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Take 5 Oil Change

7002 Wesley St, Greenville, TX 75402

Listing Price: $1,473,684

Cap Rate
4.75%
Tenant Name
Take 5 Oil Change
Gross SF
1,462
Guarantor
Corporate Guarantee
Rentable SF
1,462
Price/Gross SF
$1,007.99
Lease Type
Absolute Net
Rent Per Square Feet
$47.88

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located at 7002 Wesley Street in Greenville, TX. The subject property totals approximately 1,462 rentable square feet of building space on a total estimated 0.28 acre parcel of land. The investment is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The annual rent will be $70,000 and is scheduled to increase by ten (10%) percent every five years throughout the base term and in each of the four, five-year option periods.

Investment Highlights

  • Attractive Rental Increases |Ten (10%) Percent Every Five (5) Years
  • Four (4), Five (5)-Year Tenant Renewal Options
  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Brands

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Listing Price: $1,473,684

Cap Rate
4.75%
Tenant Name
Take 5 Oil Change
Gross SF
1,462
Guarantor
Corporate Guarantee
Rentable SF
1,462
Price/Gross SF
$1,007.99
Lease Type
Absolute Net
Rent Per Square Feet
$47.88

Investment Highlights

  • Attractive Rental Increases |Ten (10%) Percent Every Five (5) Years
  • Four (4), Five (5)-Year Tenant Renewal Options
  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Brands

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located at 7002 Wesley Street in Greenville, TX. The subject property totals approximately 1,462 rentable square feet of building space on a total estimated 0.28 acre parcel of land. The investment is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The annual rent will be $70,000 and is scheduled to increase by ten (10%) percent every five years throughout the base term and in each of the four, five-year option periods.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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