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Miscellaneous

Take 5 Oil Change

1273 Waldron Rd, Corpus Christi, TX 78418

Listing Price: $1,809,524

Cap Rate
5.25%
Tenant Name
Take 5 Properties SPV, LLC
Years Remaining On Lease
19.2
Guarantor
Corporate Guarantee
Rentable SF
6,224
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.26

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change located at 1273 Waldron Rd in Corpus Christi, TX. The subject property totals approximately 6,224 rentable square feet of building space on a total estimated 0.71-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 $95,000 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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Miscellaneous

Take 5 Oil Change

Listing Price: $1,809,524

Cap Rate
5.25%
Tenant Name
Take 5 Properties SPV, LLC
Years Remaining On Lease
19.2
Guarantor
Corporate Guarantee
Rentable SF
6,224
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.26

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 at 1273 Waldron Rd in Corpus Christi, TX. The subject property totals approximately 6,224 rentable square feet of building space on a total estimated 0.71-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 $95,000 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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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