Auto Parts

Take 5 Oil Change

5012 Rigsby Ln, San Antonio, TX 78222

Listing Price: $2,034,000

Cap Rate
5.90%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
11.30
Gross SF
2,160
Guarantor
Corporate Guarantee
Rentable SF
2,160
Price/Gross SF
$941.67
Lease Type
Absolute Net
Rent Per Square Feet
$55.56

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a absolute net leased Take 5 Oil Change in San Antonio, Texas. The property consists of a 2,160-square foot, freestanding building that sits on approximately 0.35 acres of land. There are approximately 11.9 years remaining on the current lease term with two percent rental increases annually. The property has excellent visibility and access on Rigsby Avenue, where traffic counts exceed 20,278 vehicles per day. The area is extremely dense with more than 156,016 residents and a daytime population of 151,775 residents within a five-mile radius. Surrounding retailers in the immediate area include Walmart, Whataburger, Denny’s, McDonald’s, Taco Bell, QuikTrip, Sonic Drive-In, Advance Auto Parts and many more. With a population of 1.53 million, San Antonio is the second largest city in Texas and the seventh largest city in the United States. San Antonio was the nation’s second fastest-growing city. The San Antonio MSA population has grown by 8% between 2013 and 2018 and is predicted to increase an additional 7% by 2023, with 1.1 million new residents expected by 2040.

Investment Highlights

  • Superior Lease Structure – Rare 15-Year Triple Net Lease with 2% Annual Rental Increases
  • Take 5 was Recently Acquired by Driven Brands, an Automotive Company with Revenues in Excess of $2.1 Billion
  • Excellent Visibility and Access on Rigsby Avenue, Where Traffic Counts Exceed 20,278 Vehicles per Day
  • More than 156,016 Residents and a Daytime Population of 151,775 Residents Within a Five-Mile Radius

Exclusively Listed By

Listing Price: $2,034,000

Cap Rate
5.90%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
11.30
Gross SF
2,160
Guarantor
Corporate Guarantee
Rentable SF
2,160
Price/Gross SF
$941.67
Lease Type
Absolute Net
Rent Per Square Feet
$55.56

Investment Highlights

  • Superior Lease Structure – Rare 15-Year Triple Net Lease with 2% Annual Rental Increases
  • Take 5 was Recently Acquired by Driven Brands, an Automotive Company with Revenues in Excess of $2.1 Billion
  • Excellent Visibility and Access on Rigsby Avenue, Where Traffic Counts Exceed 20,278 Vehicles per Day
  • More than 156,016 Residents and a Daytime Population of 151,775 Residents Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a absolute net leased Take 5 Oil Change in San Antonio, Texas. The property consists of a 2,160-square foot, freestanding building that sits on approximately 0.35 acres of land. There are approximately 11.9 years remaining on the current lease term with two percent rental increases annually. The property has excellent visibility and access on Rigsby Avenue, where traffic counts exceed 20,278 vehicles per day. The area is extremely dense with more than 156,016 residents and a daytime population of 151,775 residents within a five-mile radius. Surrounding retailers in the immediate area include Walmart, Whataburger, Denny’s, McDonald’s, Taco Bell, QuikTrip, Sonic Drive-In, Advance Auto Parts and many more. With a population of 1.53 million, San Antonio is the second largest city in Texas and the seventh largest city in the United States. San Antonio was the nation’s second fastest-growing city. The San Antonio MSA population has grown by 8% between 2013 and 2018 and is predicted to increase an additional 7% by 2023, with 1.1 million new residents expected by 2040.

Exclusively Listed By

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