Take 5 Oil Change Ground Lease,
Fort Worth , TX Investment Summary
| Price | $1,102,358 |
| Cap Rate | |
| NOI | |
| Lease Term | 10 Years |
| Lease Type | Absolute NNN Ground 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 | 2019 |
| Building Size | 1,514 SF |
| Lot Size | 0.81 Acres (35,284 SF) |
| Status | Sold |
| Lead Brokers | Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
LONG-TERM ABSOLUTE NNN GROUND LEASE
» 10-year NNN ground lease with 10% rental increases in initial term and options, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, providing an ideal investment opportunity for an out-ofarea investor
» Leased to corporate entity with more than 450 units
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Near the signalized intersection of White Settlement Road and Clifford Street, which experiences a high traffic count of 40,394 vehicles per day
» Immediate access to Interstate 820 (114,778 AADT) and convenient access to Interstate 30 (104,339 AADT)
» Within walking distance of Home Depot and Walmart Supercenter and close to Aldi, Albertsons, Walgreens, CVS, O’Reilly Auto Parts, McDonald’s, Whataburger, AT&T, 7-Eleven, and many others
EXCELLENT LOCATION WITH STRONG CUSTOMER BASE
» Close to several schools, including Brewer High School, which has a total enrollment of 1,900 students, and Tannahill Intermediate School, which has 914 students
» Near the headquarters of the aeronautics division of Lockheed Martin, which employs 15,200 people throughout the region
» Minutes from Naval Air Station Joint Reserve Base Fort Worth, which has 10,000 employees
» 119,132 residents live within a five-mile radius of the property
DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Full-brick upgraded 2019 construction
» Take 5 is experiencing explosive growth and recently announced franchising plans
Property Description
SOLD
The property is strategically located near the signalized intersection of White Settlement Road and Clifford Street, which experiences a high traffic count of 40,394 vehicles per day. The property benefits from immediate access to Interstate 820 (114,778 AADT) and convenient access to Interstate 30 (104,339 AADT). The property is located in a dense retail corridor and is within walking distance of Home Depot and Walmart Supercenter. Other notable tenants in the nearby area include Aldi, Albertsons, Walgreens, CVS, O’Reilly Auto Parts, McDonald’s, Whataburger, AT&T, 7-Eleven, and many others.
The property is close to several important community amenities and is supported by a robust customer base. A number of schools surround the property, including Brewer High School, which has a total enrollment of 1,900 students, and Tannahill Intermediate School, which has 914 students. The property is close to some of the region’s largest employers, including the headquarters of the aeronautics division of Lockheed Martin, which employs 15,200 people throughout the region. Adjacent to Lockheed Martin is Naval Air Station Joint Reserve Base Fort Worth, which has 10,000 employees. The property is also located in a densely populated residential area; 119,132 residents live within a five-mile radius of the property, providing a sizeable customer base for Take 5.
