Absolute NNN Lease: Zero Landlord Responsibilities
Inflation Protection: 1.5% annual rent increases provide investors with a hedge against inflation.
100% Bonus Depreciation Restored: The One Big Beautiful Bill Act of 2025 (OBBBA) has reinstated 100% bonus depreciation for qualified property federally. Prospective investors should consult their own tax advisors regarding eligibility and applicability.
Strong brand / reliable tenant: Take 5 Oil Change is a well-recognized national quick-service oil change brand with over 1,500 locations, bringing operational stability and a large potential customer base.
High-Visibility, Target-Shadowed Location: The property is Target-shadowed on MacDonald Ave, a primary Richmond thoroughfare with excellent accessibility and strong traffic counts, providing high visibility and capturing both local consumer and nearby workforce demand.
Recession-resilient use: Automotive maintenance is a recurring, non-discretionary service. Even during economic downturns, consumers prioritize essential upkeep like oil changes—supporting stable demand and durable tenancy.
Strong Demographics: Richmond, CA is supported by a dense population of 281,431+ (5-mile radius) residents within the high-income Bay Area, with strong household incomes and a stable, working-age demographic. Its diverse consumer base and strategic proximity to major employment hubs drive consistent, needs-based demand and long-term market stability.
New OpenAI Robotics Site: The Subject Property benefits from close proximity (±10 minutes) to OpenAI’s newly leased ~202,000 SF robotics and advanced manufacturing facility in Richmond—marking the company’s first major East Bay expansion. This high-profile development is expected to bring significant investment, high-skilled employment, and long-term economic growth to the immediate area.