Take 5 | New 15yr Net Lease | 2022 Remodel
1,575 SF | Retail Building | Richmond, CA 94805 | $1,905,000 ($1,210/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,905,000
- Property Type
-
Retail
- Square Feet
- 1,575 SF
- Price / Square Foot
- $1,210
Listing Contacts
Jared Davis
Verified Profile
Matthew Mousavi
Verified Profile
Patrick Luther
Verified Profile
Kyle Zimmer
Verified Profile
Hayley Mustin
Verified Profile
- Property Info
Property Overview
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a net leased, investment property located in Richmond, California (San Francisco MSA). The tenant, Take 5 Oil Change recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The newly-renovated building features a state-of-the-art design and high-quality materials. Take 5 has over 800 company-owned and franchised service centers throughout the United States and Canada.
Property Details
- Class
- C
- Year Built
- 1988
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding
- Lot Size (sq. ft)
- 10,019 SF
Highlights
- Brand New 15-Year Deal | Scheduled Rental Increases | Established Brand | Newly Renovated
- Net Lease | Fee Simple Ownership
- MacDonald 80 Shopping Center (200,000 SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Signalized, Hard Corner Intersection | Interstate 80 (217,000 VPD) Excellent Visibility & Access
- Strong Demographics in 5-mile Trade Area | Six-Figure Income | San Francisco MSA
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].