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Take 5 Oil Change

1530 W Laurel Ave, Eunice, LA 70535

Listing Price: $1,600,000

Cap Rate
5.00%
Tenant Name
Take 5 Properties SPV, LLC
Years Remaining On Lease
14.5
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
Absolute Net
Rent Per Square Feet
$40.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located at 1530 West Laurel Avenue in Eunice, Louisiana. The subject property totals approximately 2,00 rentable square feet of building space on a total estimated 0.45-acre parcel of land. The investment is subject to a 15-year absolute triple-net lease, commencing at the close of escrow. The annual rent will be $80,000 and is scheduled to increase by two percent annually throughout the base term and in each of the four, five-year option periods.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Systems, LLC
  • Attractive Rental Increases |Two (2.00%) Annually Starting Year 2
  • Four, Five-Year Tenant Renewal Options

Exclusively Listed By

Listing Price: $1,600,000

Cap Rate
5.00%
Tenant Name
Take 5 Properties SPV, LLC
Years Remaining On Lease
14.5
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
Absolute Net
Rent Per Square Feet
$40.00

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Systems, LLC
  • Attractive Rental Increases |Two (2.00%) Annually Starting Year 2
  • Four, Five-Year Tenant Renewal Options

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located at 1530 West Laurel Avenue in Eunice, Louisiana. The subject property totals approximately 2,00 rentable square feet of building space on a total estimated 0.45-acre parcel of land. The investment is subject to a 15-year absolute triple-net lease, commencing at the close of escrow. The annual rent will be $80,000 and is scheduled to increase by two percent annually throughout the base term and in each of the four, five-year option periods.

Exclusively Listed By

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