Take 5 Oil Change
1,418 SF | Retail Building | Laredo, TX 78041 | $1,583,333 ($1,117/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,583,333
- Property Type
-
Retail
- Square Feet
- 1,418 SF
- Price / Square Foot
- $1,117
Listing Contacts
Glen Kunofsky
Verified Profile
Edward Otocka
Verified Profile
Amelia Haydock
Verified Profile
Francis Purritano
Verified Profile
Gordon Pollock
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 1019 East Saunders Street in Laredo, Texas. The site consists of roughly 1,418 rentable square feet of building space on an estimated 0.30-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $95,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.
Property Details
- Class
- C
- Year Built/Renovated
- 2005/2023
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 13,068 SF
Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guarantee from Driven Funding Holdco, LLC (~3,500+ Units)
- Attractive Rental Increases | 1.50% Annually Starting Year 2
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