- The tenant will sign a brand new 15-year lease with 3 (5-year) options at the close of escrow
- The lease features 12.5% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
- Take 5 Oil Change® expands total footprint to over 800 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multiyear runway for growth
- The franchisee is Quick Lube Development 2, LLC (QLD2, LLC), an experienced Take 5 operator
Investment Offering
Riverdale, GA - Take 5
7178 GA-85 | Riverdale, GA 30274
Description
Location
- Take 5 is strategically fronting GA-85 averaging 48,200 VPD
- GA-85 is the primary retail thoroughfare serving the city of Riverdale with several big box retailers such as Walmart Supercenter, Planet Fitness, Kroger, and more
- Crossover store exposure increases consumer draw to the property
- More than 194,000 residents and 58,000 employees support the trade area
- $67,912 average household income