Listed by Cushman & Wakefield - Sacramento, California
$2,000,000
Take 5 Oil Change Ground Lease | Houston MSA
Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 1,707
Cap Rate 5.5%
NOI $110,000
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/19/2046
Remaining Term 20.1
Rent Bumps Yes
Price per SqFt $1,172
Broker Co-Op Yes
Year Built 2026
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/19/2026
Ground Lease Yes
New 20-Year Abs NNN Corporate Ground Lease | Shopping Center Outparcel
Marketing description
New 20-year absolute NNN corporate ground lease to Take 5 Oil Change, a rapidly growing automotive services provider in the U.S.
10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
The brand climbed to #27 on Entrepreneur’s list of fastest-growing franchises, reflecting its rapid expansion and strong market presence.
Take 5 Oil Change reported a 6.8% increase in same-store sales for Q3 2025, marking 21 consecutive quarters of positive growth.
Texas is an income tax-free state, greatly enhancing the appeal of this location.
Investment highlights
- Prime Take 5 Oil Change Location: High-visibility and easily accessible location near the signalized four-way intersection of State Route 332 & Lake Road, which experiences a combined traffic count of 25,000+ vehicles per day.
- Reliable Tenancy: Take 5 Oil Change added over 100 new franchise locations in 2025.
- Strong Demographic Base: The five-mile radius serves a populous region of 51,521, with an average annual household income of $118,716 within three miles.
- Nolan Ryan Expressway: The site’s proximity just off Nolan Ryan Expressway (47,000+ AADT) allows the property to capture significant local and commuter traffic.
- Zero Management Responsibilities: Absolute NNN ground lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
- Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Take 5 Oil Change and Lake Jackson for steady concurrent growth.
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$110,000.00
$9,166.67/mo
Valuation Metrics
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DSCR
5.5%
Cap Rate
5.5%
ROI
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