Take 5 Oil Change Ground Lease

Retail-Commercial for Sale
Catylist Listing ID: 30216799
Property Subtypes: Free-Standing Building, Service Station/Gas Station, Vehicle Related
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Sale Price: $457,000
Unit Price: $304.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2018

Overview / Comments

Tenant: Take 5 Oil Change
Offering Price: $457,000
Cap Rate: 7%
Guarantor: Corporate
Building Size: +/- 1,500 SF
Base Lease Term: Ten (10) years commencing 1/1/13
Renewal Options: Four (4), Five (5) year options
Rent Escalations: 10% bump every 5 years
Ground Lease Rent: $32,000 per year
Lease Type: NNN - Zero Landlord Responsibilities
Transaction type: Fee Simple

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2910223003004.000

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,761 69,080 127,656
Median Age: 36.17 36.49 36.03
Households: 6,039 27,058 50,559

Contact

Photograph of Listing Agent

Cameron Weavil, CCIM

The Weavil Company, LLC Gulf Coast CMLS Member
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