x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Take 5 Oil Change, Indianapolis , IN

Take 5 Oil Change

Indianapolis, IN

Price $1,539,000
Cap Rate 5.85%
NOI $90,000
Lease Term 15 Years
Lease Type Absolute NNN Lease, With Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2020 Retrofit
Building Size 2,389 SF
Lot Size .30 Acres (13,068 SF)
Status Available
Lead Broker Information SCOTT CROWLE
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

RUSSELL TRAIN
Brokerage
202.210.2379
russell.train@cushwake.com
CA RE License #02087816

MICHAEL T. YURAS, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

VINCENT AICALE
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

RYAN FORSYTH
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN WITH A STRONG GUARANTY
» New 15-year absolute NNN lease with a strong guaranty from one of the largest Take 5 franchisees in the country
» Take 5 is a subsidiary of Driven Brands, Inc. (4,500 units with over $4.7 billion in annual system-wide sales)
» 10% rental increases every five (5) years in initial term and option periods, providing a hedge against inflation
» No landlord responsibilities, ideal for an out-of-town investor

HIGH-VISIBILITY LOCATION WITH ACCESS TO OVER 37,000 VEHICLES DAILY
» Direct access at a signalized intersection to 37,098 AADT on Binford Boulevard
» Two miles from intersection with Interstate 465 (184,384 AADT)
» Proximity to retail centers with nearby tenants such as Walmart Neighborhood Market, Kroger, CVS, Big Lots, Chase Bank, McDonald’s, Starbucks, and many others
» Minutes from Community Hospital North (328 beds) and Kindred Hospital Indianapolis North (45 beds)
» Near large schools including, Ivy Tech Community College (4,340 students), Geo Next Generation High School (810 students), Eastwood Middle School (810 students), and many more

PRIME LOCATION WITH ACCESS TO THE LARGE INDIANAPOLIS MSA
» Exceptionally strong demographics, with 203,661 residents within a five-mile radius, providing a consistent customer base for the property
» Average annual household income of $113,208 within one mile (projected 19% increase by 2027)
» 9.6 miles from Downtown Indianapolis, Indiana’s capital, and most populous city (882,039 people) and is the 15th largest city in the United States
» Indianapolis MSA is home to more than two million residents
» 92% of Indianapolis residents commute by car – well above national average

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Store is open and is a top-performing location in the system
» Building retrofitted in 2020 and features two bays, which historically increases profit margins
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Take 5 is experiencing explosive growth and recently announced franchising plans
» Take 5 Oil Change was awarded the J.D. Power award for highest overall customer satisfaction in quick oil change in 2021


Property Description

» Take 5 Oil Change is located strategically on East 64th Street with excellent visibility and access to 37,098 vehicles per day off nearby Binford Boulevard.
» The property maintains beneficial proximity to Interstate 465 (184,384 AADT), a major Indiana thoroughfare.
» The location is just minutes from Community Hospital North (328 beds) and Kindred Hospital Indianapolis North (45 beds). The property is also near large schools, including Ivy Tech Community College (4,340 students), Geo Next Generation High School (810 students), Eastwood Middle School (810 students), and many more.
» 203,661 residents within a five-mile radius, providing a consistent customer base for the property. The average annual household income is $113,208 within one mile and is projected to increase 19 percent by 2027, poising Take 5 Oil Change and the immediate trade area for concurrent growth.
» The site is 9.6 miles from Downtown Indianapolis, Indiana’s capital, and most populous city (882,039 people) and is the 15th largest city in the United States. Indianapolis is the economic and cultural center of Indiana and welcomes more than 30 million visitors each year. The site is located conveniently within the Indianapolis MSA, which is home to more than two million residents.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link