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29239915
29239916

125 Shaw Ave, Clovis, CA 93612

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
$3,083,000
227 days on market
Updated 87 days ago

New Take 5 Oil Change | 15-Yr SLB | Fresno, CA MSA

Details
APN 497-212-35
Property Type Retail
Sub Type Auto Shop
Square Footage 1,315
Units 1
Cap Rate 6%
NOI $185,000
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change (+4)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2040
Remaining Term 14.6
Rent Bumps Yes
Lease Options 3 (5-Year) & 1 (4-Year 11 Month)
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 0.760
Zoning C-2: Community Commercial
Parking Spaces 41 spaces
Parking Per SqFt 31.18
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ownership Fee simple interest (land & building ownership)
Sale Condition Sale for leaseback

Franchisee committed to opening 32+ stores with plans to scale to around 50

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 Clovis, California. The tenant 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 off of Shaw Avenue (32,100+ VPD), one of the most heavily trafficked streets in Clovis. The site benefits from excellent visibility and access within a dense retail corridor surrounded by national/credit tenants including Walmart, Lowe’s, Michaels, Target, Costco, Kohl’s, Ross, Marshalls, HomeGoods, Dick’s Sporting Goods, Old Navy, Petco, and CVS. The property is also proximate to multiple shopping centers including Sierra Vista Mall, Sierra Pavilion, Village Square Shopping Center, Buchanan Crossroads, and Windmill Marketplace, further strengthening consumer draw to the area. The 5-mile trade area is supported by a population of over 347,158 residents and 125,321 employees, with strong income demographics averaging $106,530. 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 | Shaw Ave & Cherry Ln | Excellent Visibility & Accessss

  • Exclusive Franchise Growth Commitment | California Expansion

  • Prime Clovis Retail Corridor | Surrounded by National & Regional Tenants

  • 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
$--
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Annual Cash Flow
$185,000.00
$15,416.67/mo

Valuation Metrics

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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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