Take 5 Oil Change (Land and Building),
San Antonio, TX Investment Summary
| Price | $1,215,043 |
| Cap Rate | |
| NOI | |
| Lease Term | 10 Years |
| Lease Type | Absolute NNN Lease (Fee Simple), With Tenant Responsible For All Taxes, Insurance, And Maintenance |
| Rental Increases | 10% Rental Increases Every Five (5) Years |
| Year Built | 2000 (Renovated 2019) |
| Building Size | 1,400 SF |
| Lot Size | 0.61 Acres (26,500 SF) |
| Status | Sold |
| Lead Brokers | Scott Crowle Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
LONG-TERM ABSOLUTE NNN CORPORATE LEASE
» 10-year absolute NNN corporate 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 outof- area investor
» Leased to corporate entity with more than 450 units
IRREPLACEABLE INFILL LOCATION IN HIGH-TRAFFIC CORRIDOR
» 22,467 AADT in front of the property on Valley Hi Drive
» Projected 18 percent average household income increase within one mile of the site in the next five years
» Convenient access to Interstate 410 and U.S. Route 90 (combined 104,916 AADT)
» 193,898 residents within a five-mile radius
NEAR LARGE SCHOOLS, EMPLOYERS, AND COMMUNITY HUBS
» Neighbored by Lackland Air Force Base (46,577 people, 11,744 contract employees)
» Near several highly attended schools, including Jay High School, John Paul Stevens High School, and Christa McAuliffe Middle School (combined 7,146 students)
» Surrounded by a strong mix of national and local retailers, including McDonald’s, Starbucks, H-E-B, Taco Bell, and many more
» Gateway to Downtown San Antonio, one of the fastest growing cities in the U.S. (second-largest total population increase in 2018)
DYNAMIC TENANT SERVING A PRACTICAL NEED
» 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
» New 2020 construction
» Located in an income tax free state
Property Description
SOLD
The property is conveniently located on Valley Hi Drive, which experiences a high traffic count of 22,467 vehicles per day in front of the location. The site benefits from nearby access to Interstate 410 and U.S. Route 90, which experience a combined high traffic count of 104,916 AADT. The property resides in a densely populated corridor, with 193,898 residents living within a five-mile radius of the site. The location is strategically placed in an area with a projected 18 percent average household income increase within one mile of the site in the next five years.
The property is close to several highly attended schools and is supported by a robust customer base. The location neighbors Lackland Air Force Base (46,577 people, 11,744 contract employees), one of the largest employers in San Antonio, providing a sizeable immediate customer base for Take 5 Oil Change. The location is minutes from Jay High School, John Paul Stevens High School, and Christa McAuliffe Middle School, which feature a combined enrollment of 7,146 students. The site is also surrounded by a strong mix of national and local retailers, including McDonald’s, Starbucks, H-E-B, Taco Bell, and many more. The property serves as a gateway to Downtown San Antonio, one of the fastest growing cities in the U.S. (second-largest total population increase in 2018).
