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Miscellaneous

Take 5 - 20yr NNN SLB

6501 S Elm Pl, Broken Arrow, OK 74011

Listing Price: $1,578,947

Cap Rate
4.75%
Tenant Name
Take 5 Properties SPV, LLC
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
3,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.79

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located in Broken Arrow, OK. The subject property totals approximately 3,026 rentable square feet of building space on a total estimated 0.52-acre parcel of land. The investment is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The annual rent will be $75,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four, five-year option periods.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Systems, LLC
  • Attractive Rental Increases |1.50% Annually Starting Year 2

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Listing Price: $1,578,947

Cap Rate
4.75%
Tenant Name
Take 5 Properties SPV, LLC
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
3,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.79

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Systems, LLC
  • Attractive Rental Increases |1.50% Annually Starting Year 2

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located in Broken Arrow, OK. The subject property totals approximately 3,026 rentable square feet of building space on a total estimated 0.52-acre parcel of land. The investment is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The annual rent will be $75,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four, five-year option periods.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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