Take 5 Oil Change Ground Lease | Corporate
1,421 SF | Retail Building | Baton Rouge, LA 70818 | $1,250,000 ($880/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,250,000
- Property Type
-
Retail
- Square Feet
- 1,421 SF
- Price / Square Foot
- $880
Listing Contacts
Vincent Aicale
Verified Profile
Ryan Forsyth
Verified Profile
Michael Yuras
Verified Profile
Scott Crowle
Verified Profile
- Property Info
Property Overview
Exceptional Visibility and Access: This Take 5 Oil Change has a high-visibility and easily accessible location along Sullivan Road, a major north-south Baton Rouge thoroughfare (29,216 AADT)
Ideally Set in a Large Retail Corridor: The property is surrounded by notable tenants such as Walmart Supercenter, ALDI, CVS, Raising Cane’s, Five Guys, Popeyes, Jack in the Box, Starbucks, and many more, creating significant crossover shopping
Beneficial Proximity to Housing Developments: The site greatly benefits from its proximity to high-density single-family housing developments such as The Settlement on Shoe Creek (over 479 homesites, 250 apartments, 100 Assisted Living Units, numerous parks, and 150,000+ SF of commercial space)
Large and Reliable Customer Base: 55,582 residents live within a five-mile radius of the site, while an excellent average annual household income of $117,459 within a three-mile radius of the property provides an affluent demographic
Growing Demographics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Take 5 Oil Change and Baton Rouge for steady concurrent growth
Ideally Set in a Large Retail Corridor: The property is surrounded by notable tenants such as Walmart Supercenter, ALDI, CVS, Raising Cane’s, Five Guys, Popeyes, Jack in the Box, Starbucks, and many more, creating significant crossover shopping
Beneficial Proximity to Housing Developments: The site greatly benefits from its proximity to high-density single-family housing developments such as The Settlement on Shoe Creek (over 479 homesites, 250 apartments, 100 Assisted Living Units, numerous parks, and 150,000+ SF of commercial space)
Large and Reliable Customer Base: 55,582 residents live within a five-mile radius of the site, while an excellent average annual household income of $117,459 within a three-mile radius of the property provides an affluent demographic
Growing Demographics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Take 5 Oil Change and Baton Rouge for steady concurrent growth
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding, Service, Storefront
- Lot Size (sq. ft)
- 42,253 SF
Highlights
- New 15-year absolute NNN ground lease with corporate guaranty
- 10% rental increases every five (5) years in initial term and option periods, providing a long-term income generator
- Take 5 is a subsidiary of Driven Brands, Inc. (4,700 units with $5.3B+ in system-wide sales)
- Adjacent to Walmart Supercenter
- High-visibility and easily accessible location along Sullivan Road, a major north-south Baton Rouge thoroughfare (29,216 AADT)
- New high-quality 2023 construction built to latest Take 5 Oil Change prototype
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