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29239704
29239711

2020 Standiford Ave, Modesto, CA 95350

CL
CA 02042182
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$2,661,000
263 days on market
Updated 82 days ago

New Take 5 Oil Change | Strong Guarantor | 15-Yr SLB

Details
APN 054-021-037-000
Property Type Retail
Sub Type Auto Shop
Square Footage 1,315
Units 1
Cap Rate 6%
NOI $159,646
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change (+3)
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 3, 5-Year & 1, 4-Year & 11-month
Year Built 2025
Buildings 1
Stories 1
Acreage 0.370
Zoning Commercial
Parking Spaces 5 spaces
Parking Per SqFt 3.80
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ownership Fee Simple (Land & Building)
Sale Condition Sale for leaseback

High-Growth Operator | Agreement to Open 32+ Stores

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Modesto, California. The guarantor, T5 CA Operations, LLC, will sign a new, 15-year lease at the close of escrow (sale-leaseback) with three (3) 5-year options and one (1) 4-year, 11-month option to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

The Take 5 Oil Change is located at the signalized, hard-corner intersection of Standiford Avenue (34,867+ VPD) and Prescott Road (18,718+ VPD), one of the most heavily trafficked intersections in Modesto. The site benefits from excellent visibility and access within a dense retail corridor surrounded by national/credit tenants including Walmart Supercenter, Target, Kohl’s, Lowe’s, Costco, Home Depot, Raley’s, Save Mart, Sprouts, Trader Joe’s, WinCo Foods, Macy’s, and Vintage Faire Mall (anchored by Dick’s Sporting Goods). The property is also proximate to multiple shopping centers including McHenry Village, Promenade Shopping Center, Briggsmore Plaza, Briggsmore Square, Central Valley Plaza, and Sills Plaza, further strengthening consumer draw to the area. The 5-mile trade area is supported by a population of over 196,691 residents and 92,121 employees, with strong income demographics averaging $107,795. Expanded trade area demographics include more than 866,400 residents and 402,700 employees, with an average household income of $78,364, further underscoring the site’s prime location and stability as a long-term investment.

Investment highlights

  • Franchisee Guaranteed Lease | Long-Term Stability

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Signalized, Hard Corner Intersection | Standiford Ave & Prescott Rd | Excellent Visibility & Access

  • Exclusive Franchise Growth Commitment | California Expansion

  • Prime Modesto Retail Corridor | Adjacent to Walmart & Regional Power Centers

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

CL
CA 02042182
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$159,646.00
$13,303.83/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Garrett Colburn
License
CA License No. 01416734
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
Name
Calvin Short
License
01927216
Brokerage Phone
(949) 698-1100
Name
Matt Coates
License
CA 01980718
Name
Gary Chou
License
01911222
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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