1187 US Hwy 331 - Auto Repair FOR SALE
Defuniak Springs, FL 32435 |
$2,043,478 USD
332-345-4222
1187 US Hwy 331
Defuniak Springs, FL 32435
HIGHLIGHTS
- Long-Term 20-Year NNN Sale-Leaseback | Structured as a sale-leaseback, this offering provides long-term stability with a nationally recognized tenant
- Strong Corporate Guarantee | This Take 5 Oil Change investment is backed by a strong corporate guarantee from Drive Funding Holdco, LLC
- New Construction | The site is a brand new build with state-of-the-art systems throughout
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 1187 US 331, DeFuniak Springs, Florida. The site consists of roughly 1682 rentable square feet of building space on an estimated 0.62-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $117,500 and has scheduled increases of 1.50% Annually.
FOR SALE DETAILS
PRICE
$2,043,478 USD
PRICE/SF
$1,215 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.58 AC
LAND SF
155,875 SF
ZONING
3310
APN/PARCEL ID
02-2N-19-18000-041-0000
ASK ABOUT THIS PROPERTY
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332-345-4222
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332-345-4222
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