1720 E 10th St - Auto Repair FOR SALE


Sioux Falls, SD 57103
$1,600,000 USD
949-506-2009
1720 E 10th St, Sioux Falls, SD for Sale
$1,600,000 USD
Auto Repair - FOR SALE
1/9
null | 6.75% Cap Rate

1720 E 10th St
Sioux Falls, SD 57103


HIGHLIGHTS

  • Brand New 15-Year Sale Leaseback | Scheduled Rental Increases | Options to Extend | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | University of Sioux Falls | Sanford USD Medical Center
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease and Bender Commercial are pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN Sale-Leaseback, Take 5 investment property located in Sioux Falls, South Dakota. The tenant will enter into a brand new 15-year lease at COE 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. Take 5 has more than 1,000 company-owned and franchised service centers throughout the United States and Canada. Take 5 Oil Change is a member of Driven Brands, the largest automotive services company in North America.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$1,451 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change | 15-Yr NNN | 7.45% Avg CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

S-2

APN/PARCEL ID

90509

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.