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Oil Changers

2816 N Dinuba Blvd, Visalia, CA 93291

Listing Price: $2,575,758

Cap Rate
4.95%
Tenant Name
Oil Changers, Inc.
Years Remaining On Lease
14.9
Gross SF
2,050
Guarantor
Corporate Guarantee
Rentable SF
2,050
Price/Gross SF
$1,256.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.20

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Oil Changers located at 2816 N Dinuba Blvd in Visalia, California. Scheduled to open in January 2022, the property will consist of approximately 1,500 square feet of building space on estimated 0.60 acres of land. The Tenant will enter into a brand new, 15-year triple-net lease with absolutely no landlord responsibilities upon the close of escrow. The 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 60+ locations and growing.

Investment Highlights

  • 15-Year Triple-Net Sale-Leaseback: At closing the Tenant will execute a brand new 15-year absolute triple-net master lease. The lease will have no landlord responsibilities.
  • Corporate Tenant: The Tenant on the lease will be Oil Changers, Inc. (Approximately 60+ Unit Guaranty)
  • Attractive Rental Increases: The lease will feature ten percent rental increases every five years that will continue through the base term and into the four, five-year tenant renewal option

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

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s) CA: 01253407

    California

Auto Parts

Oil Changers

Listing Price: $2,575,758

Cap Rate
4.95%
Tenant Name
Oil Changers, Inc.
Years Remaining On Lease
14.9
Gross SF
2,050
Guarantor
Corporate Guarantee
Rentable SF
2,050
Price/Gross SF
$1,256.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.20

Investment Highlights

  • 15-Year Triple-Net Sale-Leaseback: At closing the Tenant will execute a brand new 15-year absolute triple-net master lease. The lease will have no landlord responsibilities.
  • Corporate Tenant: The Tenant on the lease will be Oil Changers, Inc. (Approximately 60+ Unit Guaranty)
  • Attractive Rental Increases: The lease will feature ten percent rental increases every five years that will continue through the base term and into the four, five-year tenant renewal option

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Oil Changers located at 2816 N Dinuba Blvd in Visalia, California. Scheduled to open in January 2022, the property will consist of approximately 1,500 square feet of building space on estimated 0.60 acres of land. The Tenant will enter into a brand new, 15-year triple-net lease with absolutely no landlord responsibilities upon the close of escrow. The 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 60+ locations and growing.

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

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s): CA: 01253407

    California

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