Listed by SRS Real Estate Partners Newport Beach
$2,553,000
New Take 5 Oil | 50+ Unit Operator | Pinehurst Area
Details
APN 00056771
Property Type Retail
Sub Type Auto Shop
Square Footage 1,438
Units 1
Cap Rate 6%
NOI $153,153
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 6 (5-year)
Broker Co-Op Yes
Year Built 2026
Buildings 1
Acreage 0.530
Zoning General Commercial (GC)
Parking Spaces 6 spaces
Parking per 1,000 SqFt 4.17
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition Sale for leaseback
23+ Unit Guaranty | 15-Yr SLB | NNN | 10% Bumps
Investment highlights
Brand New 15-Year Lease | Franchisee Guaranteed | 10% Rental Increases | Brand New Construction
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Near Ridge at Morganton Park, 100-Acre | Dense Retail Corridor
Signalized, Hard Corner Intersection | High Traffic Counts |Excellent Visibility & Access
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,153.00
$12,762.75/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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