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Take 5 Oil Change

6059 Florida Ave S, Lakeland, FL 33813

Listing Price: $1,936,000

Cap Rate
5.25%
Tenant Name
Take 5 Properties SPV, LLC
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
1,500
Lease Type
Double Net
Rent Per Square Feet
$67.76

Investment Overview

Marcus & Millichap is pleased to offer for sale this Take 5 Oil Change located in Lakeland, FL. Take 5 Oil Change has over eight years remaining on their NN lease. There are ten percent increases every 5 years. The lease is guaranteed by Take 5 Properties SPV, LLC, which has 682 locations nationwide. Take 5 has been successfully operating at this location since 2010. The median age and average household income within a three-mile radius of the subject property is approximately 43 years and $75,304 respectively, which are ideal trade area demographics for Take 5. The subject property is located on Florida Avenue, the main retail artery through Lakeland. Located in Central Florida, the city of Lakeland is located less than one hour north of the Tampa-St. Petersburg MSA. The Lakeland-Winter Haven Metro Area ranks 4th for overall growth in the entire nation with 3.2% annual population increase.

Investment Highlights

  • Lease Type – NN: Landlord Only Responsible for Roof & Structure
  • Corporate Guaranteed Lease: Take 5 Properties SPV, LLC
  • 36,000 ADT - Located on Main Retail Artery through Lakeland
  • Shared Access with Bay Breeze Car Wash: Provides incredible pipeline of business from customers that exit the car wash tunnel and are fed directly into Take 5's drive up lanes
  • Excellent Sightline, Visibility and Exposure: Large sign visible from both directions on Florida Ave.
  • Lakeland-Winter Haven metro area ranks 4th for overall growth in the entire nation with 3.2% annual population increase

Exclusively Listed By

Auto Service - Gas-Conv

Take 5 Oil Change

Listing Price: $1,936,000

Cap Rate
5.25%
Tenant Name
Take 5 Properties SPV, LLC
Years Remaining On Lease
8.5
Guarantor
Corporate Guarantee
Rentable SF
1,500
Lease Type
Double Net
Rent Per Square Feet
$67.76

Investment Highlights

  • Lease Type – NN: Landlord Only Responsible for Roof & Structure
  • Corporate Guaranteed Lease: Take 5 Properties SPV, LLC
  • 36,000 ADT - Located on Main Retail Artery through Lakeland
  • Shared Access with Bay Breeze Car Wash: Provides incredible pipeline of business from customers that exit the car wash tunnel and are fed directly into Take 5's drive up lanes
  • Excellent Sightline, Visibility and Exposure: Large sign visible from both directions on Florida Ave.
  • Lakeland-Winter Haven metro area ranks 4th for overall growth in the entire nation with 3.2% annual population increase

Investment Overview

Marcus & Millichap is pleased to offer for sale this Take 5 Oil Change located in Lakeland, FL. Take 5 Oil Change has over eight years remaining on their NN lease. There are ten percent increases every 5 years. The lease is guaranteed by Take 5 Properties SPV, LLC, which has 682 locations nationwide. Take 5 has been successfully operating at this location since 2010. The median age and average household income within a three-mile radius of the subject property is approximately 43 years and $75,304 respectively, which are ideal trade area demographics for Take 5. The subject property is located on Florida Avenue, the main retail artery through Lakeland. Located in Central Florida, the city of Lakeland is located less than one hour north of the Tampa-St. Petersburg MSA. The Lakeland-Winter Haven Metro Area ranks 4th for overall growth in the entire nation with 3.2% annual population increase.

Exclusively Listed By

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