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Auto Service - Gas-Conv

Take 5 Oil Change | Brand New Construction | 15 Year NNN Lease

4660 FM 365, Port Arthur, TX 77642

Listing Price: $1,630,876

Cap Rate
5.30%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.8
Guarantor
Franchisee Guarantee
Rentable SF
1,438
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.11

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Oil Change located at 4660 East Farm to Market Road in Port Arthur, Texas. The site consists of roughly 1,438 rentable square feet of building space on estimated 0.58-acre parcel of land within the HEB grocer anchored Shopping Center. This Take 5 Oil Change is subject to a 15-year absolute triple-net (NNN) lease, which commenced October 31st, 2021. The current annual rent is $86,436 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the three (3), five (5)-year renewal options. The year one rent is subject to change based on the final sales Cap, please contact the listing agent for additional information.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Brand New 2021 Construction | 10% Rental Increases Every Five Years
  • Growing Operator with Deep Experience in the Automotive Service & Sales Space, Based in Port Arthur TX
  • Phenomenal Traffic Counts |Over 57,200 and 29,300 Vehicles Per Day Along Highway-287 and East Farm to Market Road
  • Ideal Location Within the Daily Needs Trade Corridor, Within the Extremely High Grossing HEB Grocery Anchored Shopping Adjacent to High Volume New Construction Boogie's Car Wash

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Service - Gas-Conv

Take 5 Oil Change | Brand New Construction | 15 Year NNN Lease

Listing Price: $1,630,876

Cap Rate
5.30%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.8
Guarantor
Franchisee Guarantee
Rentable SF
1,438
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.11

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Brand New 2021 Construction | 10% Rental Increases Every Five Years
  • Growing Operator with Deep Experience in the Automotive Service & Sales Space, Based in Port Arthur TX
  • Phenomenal Traffic Counts |Over 57,200 and 29,300 Vehicles Per Day Along Highway-287 and East Farm to Market Road
  • Ideal Location Within the Daily Needs Trade Corridor, Within the Extremely High Grossing HEB Grocery Anchored Shopping Adjacent to High Volume New Construction Boogie's Car Wash

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Oil Change located at 4660 East Farm to Market Road in Port Arthur, Texas. The site consists of roughly 1,438 rentable square feet of building space on estimated 0.58-acre parcel of land within the HEB grocer anchored Shopping Center. This Take 5 Oil Change is subject to a 15-year absolute triple-net (NNN) lease, which commenced October 31st, 2021. The current annual rent is $86,436 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the three (3), five (5)-year renewal options. The year one rent is subject to change based on the final sales Cap, please contact the listing agent for additional information.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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