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Auto Service - Gas-Conv

Take 5 Oil Change - New 11 Year Lease | Corporate Guarantee | Dallas MSA

3046 Lavon Dr, Garland, TX 75040

Listing Price: $1,188,000

Cap Rate
5.00%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
11.1
Guarantor
Corporate Guarantee
Rentable SF
1,418
Lease Type
Ground Lease
Rent Per Square Feet
$41.93

Investment Overview

Pride of Ownership Property in Garland, TX -Outparcel to the Country Brook Village Shopping Center Which is Anchored by Tuesday Morning, Dollar Tree, and RDA Pro Mart -Close Proximity to the President George Bush Turnpike Which Provides a Direct Route to Dallas, TX -Dense, Infill Area with Over 280,000 Residents within 5 Miles of Subject Property -Located on a Major Retail Corridor with other National Brands such as Home Depot, Lowe’s Home Improvement, Hobby Lobby, Big Lots, Best Buy, Kohl’s, McDonald’s, At Home, and Many More within Close Proximity to the Subject Property -Texas has No State Income Tax Corporate Guaranteed Lease -Absolute NNN Ground Lease with Zero Landlord Responsibilities – Ideal for Investors not Local to the Market -Driven Brands is the Largest Aftermarket Automotive Service Operator in the U.S. with Over 4,200 Brand Locations Including Over 500 Take 5 Locations -Take 5 Features a Drive-Thru Oil Change in Less than Five Minutes with the Customer Remaining in their Vehicle During Service – Quick, Convenient Service is a Major Feature that Sets Take 5 Apart from Competitors NOTE: Final rent is dependent on final construction costs and will be determined prior to tenant opening for business.

Investment Highlights

  • Brand New 2021 Construction - Estimated Completion Date of May 20, 2021
  • Corporate Guaranteed Take 5 Oil Change
  • Located on Lavon Drive with Traffic Counts Exceeding 37,000 Cars Per Day
  • E-Commerce and Recession Proof Business Model with Contactless Drive-Thru Service

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Auto Service - Gas-Conv

Take 5 Oil Change - New 11 Year Lease | Corporate Guarantee | Dallas MSA

Listing Price: $1,188,000

Cap Rate
5.00%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
11.1
Guarantor
Corporate Guarantee
Rentable SF
1,418
Lease Type
Ground Lease
Rent Per Square Feet
$41.93

Investment Highlights

  • Brand New 2021 Construction - Estimated Completion Date of May 20, 2021
  • Corporate Guaranteed Take 5 Oil Change
  • Located on Lavon Drive with Traffic Counts Exceeding 37,000 Cars Per Day
  • E-Commerce and Recession Proof Business Model with Contactless Drive-Thru Service

Investment Overview

Pride of Ownership Property in Garland, TX -Outparcel to the Country Brook Village Shopping Center Which is Anchored by Tuesday Morning, Dollar Tree, and RDA Pro Mart -Close Proximity to the President George Bush Turnpike Which Provides a Direct Route to Dallas, TX -Dense, Infill Area with Over 280,000 Residents within 5 Miles of Subject Property -Located on a Major Retail Corridor with other National Brands such as Home Depot, Lowe’s Home Improvement, Hobby Lobby, Big Lots, Best Buy, Kohl’s, McDonald’s, At Home, and Many More within Close Proximity to the Subject Property -Texas has No State Income Tax Corporate Guaranteed Lease -Absolute NNN Ground Lease with Zero Landlord Responsibilities – Ideal for Investors not Local to the Market -Driven Brands is the Largest Aftermarket Automotive Service Operator in the U.S. with Over 4,200 Brand Locations Including Over 500 Take 5 Locations -Take 5 Features a Drive-Thru Oil Change in Less than Five Minutes with the Customer Remaining in their Vehicle During Service – Quick, Convenient Service is a Major Feature that Sets Take 5 Apart from Competitors NOTE: Final rent is dependent on final construction costs and will be determined prior to tenant opening for business.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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