Take 5 Oil Change (Ground Lease)

  • $1.4M
2604 U.S. 301, Tampa, FL 33619, USA

Take 5 Oil Change (Ground Lease)

2604 U.S. 301, Tampa, FL 33619, USA
  • $1.4M

Sub listings

Title Property Type Price Beds Baths Property Size Availability Date
sqft

Description

Marketing Description
Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,300 SF Take 5 Oil Change at 2604 S Highway 301 in Tampa, FL. This Opportunity Includes a Long-Term 11 Year Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities, Providing For a Secure Investment.

Investment Highlights
New Construction – Store Opened February 2020
Long-Term 11 Year Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities
Corporate Guaranty From Driven Systems, LLC
Take 5 Oil Change Has Been In Business For Over 33 Years And Has Designed the First “5 Minute Drive-Thru Oil Change* Where Customers Can Stay in Their Car During the Process
Driven Brands, Inc. Operates as an Automotive Franchise Company That Provides Aftermarket Services and Has Over 2,800 Locations
Driven Brands is a Subsidiary of Roark Capital Group, Which Operates Over 30,000 Units Across 64 Franchise Brands in All 50 States and 78 Countries
Strategically Located Just Off a Busy Signalized Intersection With Dual Access From Hwy 301 and Causeway Blvd With a Combined Traffic Count of Over 140,800 Vehicles Per Day
Excellent Demographics – Located in a Dense Residential Neighborhood With a Population of Over 91,057 Residents Making an Average Household Income of $64,845 Within a 3-Mile Radius
The Area Within a 5-Mile Radius of This Property is Expected to Experience a 10% Growth Rate By 2024
Positioned With Direct Access to Interstate 75 – the North/South State Corridor to Venice, Fort Myers and East to Into Fort Lauderdale
Nearby Tenants Include: Publix, Starbucks, McDonald’s, Pizza Hut, Walmart, Subway, Home Depot, Burger King, Dunkin’ and More

Details

Updated on April 5, 2020 at 10:39 pm
  • Property ID: 30443
  • Price: $1.4M
  • Property Size: 1300 sqft
  • Year Built: 2020
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 1,053.32
  • Lot Size (acres): 1.42
  • Tenancy: Single
  • Cap Rate: 5.25%
  • Net Operating Income: 71,889

Additional details

  • Lease Type: Absolute NNN
  • Tenant Credit: Corporate Guarantee
  • Lease Term: 11 years
  • Lease Commencement: 02/28/2020
  • Lease Expiration: 02/28/2031
  • Remaining Term: 10.9 years
  • Rent Bumps: 10% in Year 6 and Options
  • Lease Options: Four, 5-Year Options
  • Ground Lease: Yes
  • Address 2604 U.S. 301, Tampa, FL 33619, USA
  • City Tampa
  • State/county Florida
  • Zip/Postal Code 33619
  • Country United States

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What's Nearby?

Education
Creative World School (0.27 mi)
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Contact Information

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Andrew Ackerman
  • Andrew Ackerman
  • 770.626.0445

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Andrew Ackerman
  • Andrew Ackerman