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Oil Changers /Subway

2014 Lyndell Terrace, Davis, CA 95616

Listing Price: $2,341,818

Cap Rate
5.50%
Tenant Name
Oil Changers, Inc./Subway Real Estate, LLC
Years Remaining On Lease
3.9
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.93

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Oil Changers/Subway located at 2014 Lyndell Terrace in Davis, CA. The property consists of approximately 3,000 square feet of building space and is situated on roughly 0.82 acres of land. Oil Changers occupies approximately 2,000 square feet of the space, while Subway occupies approximately 1,000 square feet. Oil Changers is subject to enter into a brand new, 15-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the close of escrow. That lease will call for 10% rental increases every five years, that will continue through the base term and into the four, five-year tenant renewal options. The Tenant on the lease, Oil Changers Inc., is California’s largest independent oil change business with approximately 56 locations across the U.S. and growing. The Subway is subject to a five year triple-net (NNN) lease, which expires on August 9th, 2025. Subway has tenanted the location for more than 15 years and has exercised three consecutive five year options showing their strong commitment to the location, with one, five year option remaining. Additionally, the Subway lease features annual increases through the remainder of the base term.

Investment Highlights

  • Strong Traffic Counts | West Covell Blvd & California State Route 113| Average 26,100 and 34,500 Vehicles Per Day Respectively
  • Located Less Than 15 Miles Outside of Downtown Sacramento
  • Affluent Surrounding Community | Average Household Income Exceeding $106,600 in a Five-Mile Radius | Ideal Demographic for Business as Consumer Preferences Continue to "Shift to Do It For Me" Services
  • Strong Demographics | Population within a Five-Mile Radius Exceeds 82,600 and is Projected to Increase in the Next Five Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Financing By

Auto Service - Gas-Conv

Oil Changers /Subway

Listing Price: $2,341,818

Cap Rate
5.50%
Tenant Name
Oil Changers, Inc./Subway Real Estate, LLC
Years Remaining On Lease
3.9
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.93

Investment Highlights

  • Strong Traffic Counts | West Covell Blvd & California State Route 113| Average 26,100 and 34,500 Vehicles Per Day Respectively
  • Located Less Than 15 Miles Outside of Downtown Sacramento
  • Affluent Surrounding Community | Average Household Income Exceeding $106,600 in a Five-Mile Radius | Ideal Demographic for Business as Consumer Preferences Continue to "Shift to Do It For Me" Services
  • Strong Demographics | Population within a Five-Mile Radius Exceeds 82,600 and is Projected to Increase in the Next Five Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Oil Changers/Subway located at 2014 Lyndell Terrace in Davis, CA. The property consists of approximately 3,000 square feet of building space and is situated on roughly 0.82 acres of land. Oil Changers occupies approximately 2,000 square feet of the space, while Subway occupies approximately 1,000 square feet. Oil Changers is subject to enter into a brand new, 15-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the close of escrow. That lease will call for 10% rental increases every five years, that will continue through the base term and into the four, five-year tenant renewal options. The Tenant on the lease, Oil Changers Inc., is California’s largest independent oil change business with approximately 56 locations across the U.S. and growing. The Subway is subject to a five year triple-net (NNN) lease, which expires on August 9th, 2025. Subway has tenanted the location for more than 15 years and has exercised three consecutive five year options showing their strong commitment to the location, with one, five year option remaining. Additionally, the Subway lease features annual increases through the remainder of the base term.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

Financing By

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