Listed by Secure Net Lease
$1,048,000
Take 5 Oil Change
Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 1,676
Cap Rate 5.25%
NOI $55,000
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/01/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options (3) 5-Year Renewal Options
Price per SqFt $625
Year Built 2026
Buildings 1
Stories 1
Acreage 0.490
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2026
Ground Lease Yes
Rare Ultra Low Rent New Construction Corporate Ground Lease
Marketing description
- Brand New 15-Year Corporate Guaranteed Absolute NNN Ground Lease | 10% Rental Increases Every 5 Years
- Rare Low Rent Corporate Ground Lease of $55,000 Annually | Truly Below Replacement Cost
- Located on a High-Traffic Corridor With Multiple Protected Left Turn In and Out Access Points | US-82 has 27,000+ VPD and Just Off I-35 with 39,000+ VPD
- Less than 10 Miles Away From the Largest Casino in the World | Winstar has over 6 Million Visitors Annually
- Located along the I-35 corridor north of Fort Worth, Gainesville is experiencing steady growth and is in the Path of Progress
Investment highlights
- Brand New 2026 Construction; 15-Year Absolute NNN Corporate Ground Lease With (5), 5-Year Options to Renew & 10% Rental Increase Every 5 Years, In Primary Term & Options
- Located on a High-Traffic Corridor With Multiple Protected Left Turn In and Out Access Points – The property is positioned on US-82 (27,000+ VPD), a major east-west thoroughfare, just off of Interstate 35 (39,000+ VPD), capturing daily commuter traffic, regional travelers, and cross-border traffic between North Texas and Southern Oklahoma
- Located Less than 10 Miles Away From the Largest Casino in the World– Winstar sees over 6 Million Visitors Annually. The resort contains 1,700+ room hotel, 22 dining restaurants, two 18-hole golf courses, and a 6,500-seat concert venue that consistently hosts the biggest names in the music industry.
- Surrounded by Major Retail Anchors and Daily Traffic Drivers – The site benefits from proximity to Walmart Supercenter (0.5 miles, 2.69M visitors/year), Cooke Memorial Hospital (1.5 miles), Gainesville High School (2 miles, 1,200+ students), and North Central Texas College (3 miles, 5,000+ students), creating consistent morning, afternoon, and evening drive-thru demand.
- Gateway to the NAFTA Trade Corridor – Positioned along the I-35 logistics corridor connecting Dallas to Oklahoma and the Midwest, Gainesville benefits from manufacturing, distribution, and transportation activity, further supported by BNSF rail infrastructure and ongoing highway improvements fueling long-term economic expansion.
- Located in the Dallas–Fort Worth Metroplex | Strategic North Texas Positioning – Gainesville sits within the Dallas–Fort Worth–Arlington MSA, approximately 65 miles north of Dallas and roughly 60 miles from DFW International Airport, allowing the property to benefit from the nation’s fastest-growing metroplex while maintaining lower operating costs typical of DFW exurbs.
- Take 5: National Brand Backed by Driven Brands (NASDAQ: DRVN) - Take 5 operates over 1,300 locations across North America and is owned by Driven Brands (NASDAQ: DRVN), the largest automotive services platform in the U.S. with 4,900+ units and a diversified national footprint.
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,000.00
$4,583.33/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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