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

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Take 5 Oil Change Ground Lease, Suisun City, CA

Take 5 Oil Change Ground Lease, Suisun City, CA


Investment Summary

Price $1,584,000
Cap Rate 6.25%
NOI $99,000
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 10% rental increases every five years starting in year 11
Year Built 2023
Building Size TBD
Lot Size 0.80 acres (34,668 SF)
Status Available
Lead Brokers Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

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

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

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE WITH GUARANTY
» New 15-year absolute NNN ground lease with strong guaranty
» 10 percent rental increases every five (5) years after year 11
» No landlord responsibilities, ideal for out-of-town investor
» Take 5 is a subsidiary of Driven Brands, Inc. (4,700 units with over $5.3 billion in system-wide sales)
» Take 5 Oil Change is ranked in Entrepreneur magazine’s 2022 list of the Fastest-Growing Franchises
» In 2021, Take 5 earned the 152nd spot on the Franchise Times magazine’s Top 400 list
» Take 5 is experiencing explosive growth as Driven Brands scaled the business from less than 50 locations to more than 800 company-operated and franchised locations across the U.S. and Canada

TROPHY LOCATION JUST OFF SIGNALIZED FOUR-WAY INTERSECTION ADJACENT TO WALMART SUPERCENTER
» High-visibility and easily accessible location at the signalized four-way intersection of Highway 12 and Walters Road (combined 48,890 AADT)
» Adjacent to a newly constructed Starbucks and 7-Eleven and directly across from a well performing Walmart Supercenter
» More than 124,000 residents and an average household income over $128,000 within one mile of the property
» Average Household Income is expected to increase by approx. 14% over the next five years poise Take 5 and Suisun City for steady concurrent growth

LOCATED NEAR TRAVIS AIR FORCE BASE AND MULTIPLE COMMUNITY HUBS
» Travis Air Force Base is the largest single contributor to the Solano County economy, generating over $1.6 billion in annual economic activity. Travis also employs over 13,400 military and civilian personnel, 63 percent of which live in the local communities.
» Travis Air Force Base supports the tourism industry by attracting visitors from all over the world. The base hosts a number of annual events, such as the Travis Air Force Base Open House and the Travis Air Force Base Air Show
» Located near Suisun City Heritage Center: The museum tells the story of the city’s rich history. The museum features exhibits on the city’s Native American heritage, its role in the Gold Rush, and its development into a modern city
» Close proximity to the Suisun City Marina, a popular spot for boating, fishing, and picnicking
» Neighboring Schools include Crescent Elementary School (621 Students), Dan O. Root II Health & Wellness Academy (610 Students) and Suisun Elementary School (551 Students)

NEW 2023 CONSTRUCTION
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service

Property Description

» Located near Travis Air Force Base, which is the largest single contributor to the Solano County economy, generating over $1.6 billion in annual economic activity. Travis also employs over 13,400 military and civilian personnel, 63 percent of which live in the local communities.
» High-visibility and easily accessible location at the signalized four-way intersection of Highway 12 and Walters Road (combined 48,890 AADT)
» Adjacent to a newly constructed Starbucks and 7-Eleven and directly across from a well performing Walmart Supercenter
» More than 124,000 residents within five miles of the property and an average household income over $128,000 within one mile of the property. Average Household Income is expected to increase by approx. 14% over the next five years poise Take 5 and Suisun City for steady concurrent growth

Download OM Form

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