13490 Olive Blvd - Auto Repair FOR SALE
Chesterfield, MO 63017 |
$1,867,039 USD
310-558-2029
13490 Olive Blvd
Chesterfield, MO 63017
HIGHLIGHTS
- This Take 5 Oil Change is leased on a 15-year Absolute Triple Net (NNN) Lease basis with 4, 5-year renewal options.
- Take 5 Oil Change is a subsidiary of Driven Brands, the largest automotive services company in North America with $1.85 billion in annual revenue.
- The lease features contractual 10% rent escalations at the start of lease year 6, 11, 16, and every 5th year thereafter through all renewal periods.
- The lease is personally guaranteed by the operator for a minimum of 5 lease years (with a $10M gross sales revenue burnoff threshold).
- Located at the signalized intersection of Olive Boulevard and Woods Mill Road in Chesterfield, Missouri.
- The property occupies approximately 0.54 acres at the corner of Olive Boulevard and Woods Mill Road, 2 major Chesterfield thoroughfares.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 3,210 SF Take 5 Oil Change located at 13490 Olive Boulevard in Chesterfield, MO. The property is secured by a 15-year Absolute Triple Net (NNN) Lease featuring 4, 5-year renewal options, providing up to 35 years of potential lease term. The tenant is responsible for 100% of property taxes, insurance, maintenance, roof, structure, and all operating expenses, delivering a truly passive, management-free investment with stable long-term cash flow.
In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BoR: Tom Gorman - Lic. MO #2023012377
FOR SALE DETAILS
PRICE
$1,867,039 USD
PRICE/SF
$582 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Take 5 Oil Change - Chesterfield, MO
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Repair, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.54 AC
LAND SF
23,522 SF
ZONING
C2
APN/PARCEL ID
16Q-33-0838
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310-558-2029
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310-558-2029
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