Listed by Marcus & Millichap
$1,668,000
Take 5 Oil Change | Jacksonville, FL
Details
APN 136154-0000
Property Type Retail
Sub Type Gas Station, Auto Shop
Square Footage 1,196
Cap Rate 5.75%
NOI $95,940
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Lease Expiration 04/30/2036
Remaining Term 10
Lease Options Two, 5-Year
Year Built 1965
Stories 1
Acreage 0.220
Tenant Credit Corporate Guarantee
Ground Lease No
New 10-Year Lease Extension | Abs. NNN | Corporate Guarantee
Marketing description
Retail • 4,204 SF • 07/10/2018
Investment highlights
NEW 10-Year Lease Extension
- Take 5 Oil Change just signed a fresh 10-year lease extension, showing continued commitment to the location
30+ Year Quick Lube Operating History
- This site has successfully operated as a quick lube since construction in 1995
Lease
- 10-years remaining on base term
- NNN – NO landlord responsibility
- 10% Rent Increases Every 5-years
- Two, 5-Year options
- Corporate Guarantee
Strong Performing Store / PlacerAI
- PlacerAI ranks this store in the top 85th percentile for all Take 5’s in Florida and top 80th percentile for all Take 5’s nationwide
Location
- Beach Blvd sees 60,5000 cars per day!
- Located on the signalized intersection of Beach Blvd & Grove Park Blvd, which sees a combined 65,900 cars per day!
- Located on a signalized intersection with multiple access points
- Incredible demographics:
- Population 8,800+ (one-mile) | 91,000+ (three-mile) | 236,000+ (five-mile)
Listing Contacts
Listed by Marcus & Millichap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,940.00
$7,995.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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