Listed by Stream Capital Partners
$1,913,043
Take 5 Oil Change
Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 1,575
Cap Rate 5.75%
NOI $110,000
Tenancy Single
Brand/Tenant AutoZone, Tractor Supply
Lease Expiration 06/30/2041
Rent Bumps Yes
Lease Options 2, 5-Year Options
Year Built 2022
Acreage 0.230
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ground Lease No
Sale Condition Sale for leaseback
Sale Leaseback | Take 5 Oil Change | Richmond, CA
Investment highlights
- Absolute NNN Lease: Zero Landlord Responsibilities
- Inflation Protection: 1.5% annual rent increases provide investors with a hedge against inflation.
- 100% Bonus Depreciation Restored: The One Big Beautiful Bill Act of 2025 (OBBBA) has reinstated 100% bonus depreciation for qualified property federally. Prospective investors should consult their own tax advisors regarding eligibility and applicability.
- Strong brand / reliable tenant: Take 5 Oil Change is a well-recognized national quick-service oil change brand with over 1,500 locations, bringing operational stability and a large potential customer base.
- High-Visibility, Target-Shadowed Location: The property is Target-shadowed on MacDonald Ave, a primary Richmond thoroughfare with excellent accessibility and strong traffic counts, providing high visibility and capturing both local consumer and nearby workforce demand.
- Recession-resilient use: Automotive maintenance is a recurring, non-discretionary service. Even during economic downturns, consumers prioritize essential upkeep like oil changes—supporting stable demand and durable tenancy.
- Strong Demographics: Richmond, CA is supported by a dense population of 281,431+ (5-mile radius) residents within the high-income Bay Area, with strong household incomes and a stable, working-age demographic. Its diverse consumer base and strategic proximity to major employment hubs drive consistent, needs-based demand and long-term market stability.
- New OpenAI Robotics Site: The Subject Property benefits from close proximity (±10 minutes) to OpenAI’s newly leased ~202,000 SF robotics and advanced manufacturing facility in Richmond—marking the company’s first major East Bay expansion. This high-profile development is expected to bring significant investment, high-skilled employment, and long-term economic growth to the immediate area.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$110,000.00
$9,166.67/mo
Valuation Metrics
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DSCR
5.75%
Cap Rate
5.75%
ROI
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