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Take 5 Oil Change, Spring Hill, FL

Take 5 Oil Change

Spring Hill, Florida

Price $2,780,000
Cap Rate 5.00%
NOI $139,000
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 2022
Building Size 1,686 SF
Lot Size 0.92 Acres (40,075 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

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

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH GUARANTY
» New 15-year absolute NNN lease with strong franchise guaranty
» 10 percent 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
» Take 5 Oil Change was awarded the J.D. Power Award for highest overall customer satisfaction in quick oil change in 2021
» Guaranteed by Purple Square Management, owner and operator of over 223 franchise locations

HIGH-VISIBILITY FLORIDA LOCATION WITH ACCESS TO OVER 45K VEHICLES
» Conveniently located along U.S. Route 19/Commercial Way, with access to 45,500+ vehicles per day
» Adjacent to Nature Coast Commons, a 225,000+ SF power center anchored by Walmart Supercenter, JCPenney, ALDI, Best Buy, Ross Dress for Less, and PetSmart
» Surrounded by high-density, single family housing developments and large apartment complexes
» Prime location near Hernando Beach, a three-acre park and beach community featuring swimming, water skiing, fishing, picnicking, and more
» 59,555 residents within a five-mile radius, providing a consistent customer base for the property
» Three miles from the Gulf of Mexico, attracting a significant amount of tourist traffic and new customers to and from the site

NEW 2022 BUILT-TO-SUIT CONSTRUCTION IN INCOME TAX-FREE STATE
» New 2022 built-to-suit construction featuring three (3) service bays, which historically increases profit margin
» 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
» Florida has no state income tax, estate tax, or inheritance tax


Property Description

This Take 5 Oil Change is conveniently located along U.S. Route 19/Commercial Way, with excellent access and visibility to 45,500+ vehicles per day. The site is less than one mile from Spring Hill Drive, a primary east-west Spring Hill thoroughfare with access to 26,902 vehicles per day. The property is strategically placed adjacent to Nature Coast Commons, a 225,000+ SF power center anchored by Walmart Supercenter, JCPenney, ALDI, Best Buy, Ross Dress for Less, and PetSmart.

The site is surrounded by high-density, single family housing developments and large apartment complexes, with 59,555 residents living within a five-mile radius. The property is also within walking distance to Hernando Beach, (three-acre park and beach community featuring swimming, water skiing, fishing, picnicking, and more), and is three miles from the Gulf of Mexico, attracting a significant amount of tourist traffic and new customers to and from the site.

Contact Us About This Property


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