Listed by ParaSell Inc, Sands Investment Group Los Angeles, Sands Investment Group
$923,636
Take 5 - North Olmsted, OH
Details
Property Type Retail
Sub Type Auto Shop
Cap Rate 5.5%
NOI $50,800
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 01/31/2036
Remaining Term 9.5
Rent Bumps Yes
Lease Options 6 x 5 Year Options
Year Built 1988
Year Renovated 2018
Acreage 0.460
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/08/2016
Ground Lease No
Corporate Take 5 | Below-Market Rent | ABS NNN | Cleveland MSA
Marketing description
We are pleased to exclusively offer for sale a Take 5 Oil Change located at 28401 Lorain Road in North Olmsted, OH. This offering features below-market in-place rent compared to prevailing rates for comparable quick-service oil change assets, presenting investors with a compelling opportunity to achieve rental upside over the hold period. With strong fundamentals and embedded growth potential, this asset provides for an attractive and strategic investment opportunity.
Investment highlights
- Corporate Take 5 Operation: Backed by Driven Brands, one of the largest automotive service platforms in North America, providing strong credit and operational stability.
- Dense Cleveland Submarket: Located in an established suburban trade area with strong demographics and consistent daily traffic.
- Dealership-Adjacent Location: Positioned directly across from multiple car dealerships, driving built-in demand and repeat customer flow.
- Below-Market Rent: In-place rent sits below market levels, offering clear mark-to-market upside and future income growth.
- Proven Operating History: Automotive use since 1988, converted to corporate Take 5 in 2016, demonstrating long-term viability and continued investment.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group Los Angeles, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,800.00
$4,233.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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