Skip to main content

Auto Parts

Take 5 Oil Change

2450 Augusta Rd, West Columbia, SC 29169

Listing Price: $1,637,000

Cap Rate
5.50%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
1,438
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.59

Investment Overview

NEW CONSTRUCTION TAKE 5 OIL CHANGE • New 2020 build Take 5 Oil Change located in Columbia, SC • This store is 1,438 SF and sits on 1.14 acres and is a drive thru location ACROSS FROM WALMART SUPERCENTER • This Take 5 is located directly off I-26 (96,900 VPD) on Augusta Rd (33,300 VPD) which is a main retail corridor. • The subject property is located across the street from a Walmart Supercenter that ranks in the top 72% of Walmart locations in the nation in terms of foot traffic. • There is 2.3 million SF of retail in a 1-mile radius with national retailers including Lowe’s, Hobby Lobby, Chick-fil-A, Big Lots, Walgreens, and many more. • There are 122,498 people in a 5-mile radius with nearly 7.50% growth. COLUMBIA, SC • Columbia is the capital and the second largest city in South Carolina with a population of over 131,700. • Fort Jackson, the largest United State Army Installation for Basic Combat Training, is located in Columbia. Over 3,500 civilians are employed at Fort Jackson and 46,000 retirees receive services from this base. • This property is located only 4 Miles from the University of South Carolina. University of South Carolina is the largest university in South Carolina with a student population of 36,273. • Columbia enjoys a diversified economy, with the major employers in the area being South Carolina state government, the Palmetto Health hospital system, Blue Cross Blue Shield of South Carolina, Palmetto GBA, and the University of South Carolina. • The Columbia Metropolitan Airport is 4 Miles from this Take 5. This airport supports over 1.1 million passengers per year and employs over 1,400 people. • Columbia is the county seat of Richland County. LONG TERM GROUND LEASE WITH INCREASES • The subject property has a new 15-year NNN ground lease • This is an absolute NNN ground lease and the tenant is 100% responsible for all taxes, insurance, CAM, roof and structure. • There are attractive 10% rent increases every 5 years in the initial term and in each of the four, 5-Year options. TAKE 5 OIL CHANGE • Take 5 was founded in Metairie, LA in 1984 and pioneered the drive through oil change with enhanced customer service model. • They currently have approximately 550 locations open with hundreds under development. • Their drive thru business model allows them to continue business operations through any COVID-19 related interruptions or restrictions. • Take 5 has actually seen an increase in sales during Covid as their business model lends itself to less contact. RAPIDLY EXPANDING OPERATOR • Take 5 Carolinas, LLC was founded in 2017 and is based in Charlotte, NC. • They were the first Take 5 franchisee and are currently one of the largest in the 40 franchisee system. • They are consistently one of the top operators in the system and their operations are led by one of the most experienced, highly regarded operations managers who was formerly at Corporate Take 5. • Take 5 Carolinas operates seven locations across the Carolinas with 4-6 additional locations scheduled to open by end of 2021. • This operator plans to grow to 20 locations by the end of 2023.

Investment Highlights

  • New Take 5 Oil Change Ground Lease
  • Interstate Location (96,900 VPD)
  • Across From Walmart Supercenter
  • Columbia Is Capital Of SC | 5 Mile Pop 122,498
  • 15-Year NNN Ground Lease With 10% Increases
  • Take 5 Oil Change Has 500 Locations in 18 States

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    License(s): SC: 39872

    South Carolina

Listing Price: $1,637,000

Cap Rate
5.50%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
1,438
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.59

Investment Highlights

  • New Take 5 Oil Change Ground Lease
  • Interstate Location (96,900 VPD)
  • Across From Walmart Supercenter
  • Columbia Is Capital Of SC | 5 Mile Pop 122,498
  • 15-Year NNN Ground Lease With 10% Increases
  • Take 5 Oil Change Has 500 Locations in 18 States

Investment Overview

NEW CONSTRUCTION TAKE 5 OIL CHANGE • New 2020 build Take 5 Oil Change located in Columbia, SC • This store is 1,438 SF and sits on 1.14 acres and is a drive thru location ACROSS FROM WALMART SUPERCENTER • This Take 5 is located directly off I-26 (96,900 VPD) on Augusta Rd (33,300 VPD) which is a main retail corridor. • The subject property is located across the street from a Walmart Supercenter that ranks in the top 72% of Walmart locations in the nation in terms of foot traffic. • There is 2.3 million SF of retail in a 1-mile radius with national retailers including Lowe’s, Hobby Lobby, Chick-fil-A, Big Lots, Walgreens, and many more. • There are 122,498 people in a 5-mile radius with nearly 7.50% growth. COLUMBIA, SC • Columbia is the capital and the second largest city in South Carolina with a population of over 131,700. • Fort Jackson, the largest United State Army Installation for Basic Combat Training, is located in Columbia. Over 3,500 civilians are employed at Fort Jackson and 46,000 retirees receive services from this base. • This property is located only 4 Miles from the University of South Carolina. University of South Carolina is the largest university in South Carolina with a student population of 36,273. • Columbia enjoys a diversified economy, with the major employers in the area being South Carolina state government, the Palmetto Health hospital system, Blue Cross Blue Shield of South Carolina, Palmetto GBA, and the University of South Carolina. • The Columbia Metropolitan Airport is 4 Miles from this Take 5. This airport supports over 1.1 million passengers per year and employs over 1,400 people. • Columbia is the county seat of Richland County. LONG TERM GROUND LEASE WITH INCREASES • The subject property has a new 15-year NNN ground lease • This is an absolute NNN ground lease and the tenant is 100% responsible for all taxes, insurance, CAM, roof and structure. • There are attractive 10% rent increases every 5 years in the initial term and in each of the four, 5-Year options. TAKE 5 OIL CHANGE • Take 5 was founded in Metairie, LA in 1984 and pioneered the drive through oil change with enhanced customer service model. • They currently have approximately 550 locations open with hundreds under development. • Their drive thru business model allows them to continue business operations through any COVID-19 related interruptions or restrictions. • Take 5 has actually seen an increase in sales during Covid as their business model lends itself to less contact. RAPIDLY EXPANDING OPERATOR • Take 5 Carolinas, LLC was founded in 2017 and is based in Charlotte, NC. • They were the first Take 5 franchisee and are currently one of the largest in the 40 franchisee system. • They are consistently one of the top operators in the system and their operations are led by one of the most experienced, highly regarded operations managers who was formerly at Corporate Take 5. • Take 5 Carolinas operates seven locations across the Carolinas with 4-6 additional locations scheduled to open by end of 2021. • This operator plans to grow to 20 locations by the end of 2023.

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    License(s): SC: 39872

    South Carolina

MM Texture Background
MM Textured Background Lower