Take 5 Oil Change
Retail | 5.75% CAP | 2,370 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Take 5 Oil Change in South Houston, TX. This property features a corporately guaranteed Absolute NNN lease with 9+ years remaining on the current term. Located in the Houston MSA, the lease includes 10% rental increases every five years, with the next escalation scheduled for January 28, 2030.
Property Website: https://trinityreis.com/listing/1624-spencer-hwy/
Investment highlights
Houston MSA Take 5 Oil Change With 9+ Years Remaining on Current Term
Corporately Guaranteed Absolute NNN With 10% Rental Increases That Occur Every 5 Years, With Next Increase on 1/28/2030
Extremely Dense Demographics with 162,000 Residents in a 3-Mile Radius and Growing at a 1.10% Annual Growth Rate
High Visible Frontage on Spencer Hwy With Nearly 31,000 Vehicles Passing Daily With Two Points of Ingress/Egress and Designated Left Turn Lane
Spencer Hwy is a Core East-West Corridor, Linking South Houston, Pasadena, Deer Park, and La Porte With Substantial Retail and Residential Growth
Located in Dense Retail Corridor Anchored by Mi Tienda (HEB), Fiesta Mart, Food Town, and More
Strong Built in Customer Base - Surrounded by Several Apartment Complexes, Including Newly Built $11M Territory at Genoa, and Several Schools
Situated on 0.55 AC With Large 3-Bay Take 5 Build & Below-Market Rent Provides Security and Strong Covered Land Play Potential
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