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30905602
30905603

2245 S Loop 288, Denton, TX 76205

RB
TX TX 632534
Real Capital Investments
JM
TX TX #839426
Real Capital Investments
DO
698264
Real Capital Investments
Listed by Real Capital Investments
$1,476,190
84 days on market
Updated 63 days ago

Take 5 Oil Change

Details
APN 81693
Property Type Retail
Sub Type Auto Shop
Square Footage 1,271
Units 1
Cap Rate 5.25%
NOI $77,500
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 07/31/2040
Remaining Term 14.2
Rent Bumps Yes
Lease Options Three (3) Additional (5-Year) Options
Price per SqFt $1,161
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 0.355
Zoning Commercial F-1
Parking Spaces 7 spaces
Parking Per SqFt 5.51
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2025
Occupancy Date 07/01/2025
Ground Lease Yes
Ownership Fee Simple
Sale Condition For sale by owner

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

Listing Contacts

RB
TX TX 632534
Real Capital Investments
JM
TX TX #839426
Real Capital Investments
DO
698264
Real Capital Investments
Listed by Real Capital Investments

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$77,500.00
$6,458.33/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Randy Bell
License
TX 632534
Brokerage
Real Capital Investments
Title
Principal
Brokerage Address
4619 Insurance Lane
Name
Jordan McClellan
License
TX #839426
Brokerage
Real Capital Investments
Brokerage Address
4619 Insurance Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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