Investment Overview

Marcus & Millichap is pleased to present the rare opportunity to purchase an absolute NNN Take 5 Oil Change in the highly coveted Silicon Hills of Austin Texas. The area was dubbed Silicon Hills due to the cluster of high-tech companies in the Austin metropolitan area of Texas. The property is comprised of a 3,468 square feet. building built in 2000 and renovated in 2017 to be occupied by Take 5 Oil Change for a ten Year Absolute NNN Ground Lease. The subject’s immediate location boasts a highly visible freeway pylon sign for the over 120,000 traveling cars per day located along the highly accessed Research Boulevard which is directly adjacent to Highway 183. The tenant has close to five years remaining on the initial term with Four-Five Year Options that feature attractive ten percent increases every five years. The site is surrounded by a massive density comprising of residents, offices, and retail. There is over 12.9 million square feet of office/technology/healthcare properties with companies such as Cisco, Alereon, PayPal, Google, AT&T, Emerson, Hp, Blizzard Ent., eBay, Electronic Arts, and the new Austin Apple campus just minutes away. To say the site is in the retail eye of the storm is an understatement, with over 13.1 million square feet of retail surrounding the site in a five-mile radius with retailers such as Target, Walmart, Lowes, Home Depot, Home Goods, Kohls, CVS, Walgreens, Burlington, H-E-B, Ross, Macys, JCPenney, AMC and many more. All this activity is due to the excellent demographics surrounding the site with a five-mile demographics of over 232,000 people with average household income of $133,993.