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Take 5 Oil Change & Cell Tower

5202 Cortez Rd W, Bradenton, FL 34210

Listing Price: $2,000,000

Cap Rate
4.72%
Tenant Name
Take 5 Properties SPV LLC
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
1,596
Lease Type
Absolute Net
Rent Per Square Feet
$59.10

Investment Overview

Marcus & Millichap is pleased to present Take 5 Oil Change, an opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the market of Bradenton, FL. The location has 520+ locations backing the Absolute NNN lease. The subject property was recently re-imaged from Havoline Xpress to a Take 5 concept. It is located on the main retail corridor in Bradenton with excellent frontage and exposure and sees 55,000 vehicles per day. The cell tower on the property is corporately guaranteed by Verizon, has extreme high barriers to entry, and has annual rent increases. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • Corporate Guaranteed Lease - 520+ Locations and Growing
  • Recent Re-Image to Take 5 Concept - Re-Imaged from Havoline Xpress to Take 5 Oil Change
  • Cell Tower - Extremely High Barriers to Entry, Annual Rent Increases, and Corporate Guarantee - Verizon Wireless
  • Massive Population Density: 88,807 (3-mile), 168,539 (5-mile)
  • Excellent Frontage and Exposure - Cortez Rd. (55,000 VPD), Main Retail Corridor in Bradenton
  • Absolute NNN - No Landlord Responsibilities
  • Florida - No State Income Tax

Exclusively Listed By

Auto Service - Gas-Conv

Take 5 Oil Change & Cell Tower

Listing Price: $2,000,000

Cap Rate
4.72%
Tenant Name
Take 5 Properties SPV LLC
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
1,596
Lease Type
Absolute Net
Rent Per Square Feet
$59.10

Investment Highlights

  • Corporate Guaranteed Lease - 520+ Locations and Growing
  • Recent Re-Image to Take 5 Concept - Re-Imaged from Havoline Xpress to Take 5 Oil Change
  • Cell Tower - Extremely High Barriers to Entry, Annual Rent Increases, and Corporate Guarantee - Verizon Wireless
  • Massive Population Density: 88,807 (3-mile), 168,539 (5-mile)
  • Excellent Frontage and Exposure - Cortez Rd. (55,000 VPD), Main Retail Corridor in Bradenton
  • Absolute NNN - No Landlord Responsibilities
  • Florida - No State Income Tax

Investment Overview

Marcus & Millichap is pleased to present Take 5 Oil Change, an opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the market of Bradenton, FL. The location has 520+ locations backing the Absolute NNN lease. The subject property was recently re-imaged from Havoline Xpress to a Take 5 concept. It is located on the main retail corridor in Bradenton with excellent frontage and exposure and sees 55,000 vehicles per day. The cell tower on the property is corporately guaranteed by Verizon, has extreme high barriers to entry, and has annual rent increases. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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