Take 5 Oil Change Ground Lease,
Augusta, GA Investment Summary
| Price | $1,120,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN Ground Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including, Roof, Structure, and Parking Lot |
| Rental Increases | 7.5% Rental Increases Every Five (5) Years |
| Year Built | 2020 |
| Building Size | 1,450 SF |
| Lot Size | 0.607 Acres (26,441 SF) |
| Status | Sold |
| Lead Brokers | Scott Crowle Executive Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Jack Hinson Brokerage 704.572.9921 jack.hinson@cushwake.com CA RE License #02059267 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
NEW 15-YEAR ABSOLUTE NNN GROUND LEASE
» Absolute NNN ground lease with zero landlord management responsibilities
» 7.5% rental increases every five years in primary term and extension periods offering hedge against inflation
» Low, replaceable ground rent
PRIME INFILL LOCATION IN A STRONG RETAIL CORRIDOR
» Strategically situated between Highway 104 and Interstate 20 and surrounded by national retailers
» High traffic count on State Route 28/Washington Road of 39,176 vehicles per day directly in front of the property
» Strong average household income of $86,446 within a five-mile radius
» Immediately surrounded by several auto dealerships such as Hyundai, Mercedes- Benz, Nissan, Infiniti, Chrysler Dodge Jeep Ram, Chevrolet, Acura, and others, which act as major traffic drivers
NEAR MANY SCHOOLS, NEIGHBORHOODS, AND THE ICONIC AUGUSTA NATIONAL GOLF CLUB
» 0.7 miles from Westside High School (853 students), and another 14 schools within a 15-minute drive, serving as additional traffic to the site
» Surrounded by densely populated neighborhoods
» Less than five minutes from the iconic Augusta National Golf Course, home of The Master’s Tournament (economic impact of over $120M in just one week)
DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than 5 minutes, with customer remaining in car
» New construction featuring the tenant’s latest prototype
» Take 5 is experiencing explosive growth with continued aggressive expansion plans
Property Description
SOLD
The property is located on Washington Road with excellent access and visibility to 39,176 vehicles per day directly in front of the site. The surrounding area is affluent and densely populated with 135,299 residents within five miles of the property and an average household income of $86,446 within five miles of the property.
The property is strategically surrounded by several auto dealerships including Hyundai, Mercedes-Benz, Nissan, Infiniti, Chrysler Dodge Jeep Ram, Chevrolet, Acura, and others, acting as major traffic drivers for the site. Moreover, the property is located less than a five-minute drive from the iconic Augusta National Golf Club, home of The Master’s.
