Take 5 Oil Change
Retail | 5.25% CAP | 1,271 SqFt
Investment highlights
New 15 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Three (5-Year) Options to Renew
10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
Corporately Guaranteed Lease from a Best-in-Class Tenant – Take 5 is the 3rd Largest Lube Center Chain in the U.S. with 1,545 Locations & is Currently the Fastest Growing Lube Center Chain in the Country
Self-Sustaining Business Model – Driven Brands is the Parent Company to the Largest Automotive Parts Distributor in the US & Supplies Its 4 Car Care Businesses (Take 5, Meineke, Merlin & EconoLube) Through This Distribution Business
New Construction, Pride of Ownership Asset Featuring Take 5’s Modern Prototype Design with 2 Drive-Thru Service Bays & Lengthy Waiting Queue, Allowing the Location to Effectively & Efficiently Handle High Customer Volume
Rare, Low Rent & Price-Point Corporate Asset Situated on a Prominent Hard-Corner, Signalized Intersection with Excellent Interstate Visibility
High Traffic Location – More Than 123,000 Vehicles Per Day on Interstate-35 & Over 27,000 Vehicles Per Day on S. Loop 288
Densely Populated, Infill Location with Strong Demographics – Over 172,000 People within a 5-Mile Radius with Average Household Income Exceeding $112,000 Annually
Over 18.6 Million Square Feet of Industrial & Office Space and 29.1 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 6,400 Businesses & 52,500 Employees
Strategically Positioned Near the Denton Town Crossing, Denton Towne Center, Southridge Village & Denton Crossing Shopping Centers That Bring Daily-Needs Consumers Directly to the Trade Area – More Than 12.3 Million Combined Visits to the Centers Over the Prior Calendar Year
Located Directly Across from the Golden Triangle Mall – The JCPenney Anchored Shopping Mall Has Seen More Than 2.5 Million Visits Over the Last Calendar Year
Approximately 1.2 Miles from the 184 Bed Medical City Denton Hospital with Over $3.04 Billion in Total Patient Revenue in 2023 and a Staff of More Than 2,000 Healthcare Professionals
Approximately 3.3 Miles from The University of North Texas with Over 46,700 Students Currently Enrolled & More Than 10,000 Faculty Members, Making it the 3rd Largest University in the State of Texas
Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset
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