Investment Offering
Stephenville, TX - Take 5 Oil Change
2840 W Washington St | Stephenville, TX 76401
$1,084,000
Price5.35%
Cap Rate$58,000
NOI1,650
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Stephenville, Texas. The tenant, Take 5 Properties SPV LLC, Inc 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 lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design with high-quality materials. Take 5 Oil Change has more than 800 company-owned and franchised service centers throughout the United States and Canada.
Location
The Take 5 Oil Change is strategically located along W. Washington St. which averages over 26,400 vehicles per day. The site is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Aldi, McDonald’s, CVS Pharmacy, Walgreens, Old Navy, Hobby Lobby, Hibbet Sports, Dollar Tree, Ross Dress for Less, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. In addition, the subject property is located in close proximity to Tarleton State University (13,995 students) and Stephenville High School (1,081 students), further increasing consumer traffic to the site. The 5-mile trade area is supported by over 25,000 residents and 12,000 employees. Residents within a 5-mile radius of the subject property have an average household income of $71,068.
Documents & Links
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 Offering Memorandum |  |  |