604 Highway 53 East SE - Freestanding FOR SALE
Calhoun, GA 30701 |
$1,416,667 USD
949-506-2007
604 Highway 53 East SE
Calhoun, GA 30701
HIGHLIGHTS
- 15-Year Lease at COE | Franchisee Guaranteed | 10% Increases Every 5 Years
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Signalized, Hard-Corner Intersection | High-Traffic Location
- Strong Demographics in 5-Mile Trade Area | Growing Market
- Established Auto Service Brand | Driven Brands (NASDAQ: DRVN)
OVERVIEW
• Two Oil 5, LLC (dba Take 5 Oil Change) to execute a brand-new 15-year lease at the close of escrow with six (6) five-year renewal options
• Lease provides 10% rental increases every five years throughout the base term and option periods
• Lease is guaranteed by Two Oil 5, LLC, an experienced franchisee operating 22+ Take 5 Oil Change locations with 9 additional stores under development
FOR SALE DETAILS
PRICE
$1,416,667 USD
PRICE/SF
$969 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Take 5 Oil Change
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
12
LAND DETAILS
LAND ACRES
0.61 AC
LAND SF
26,572 SF
ZONING
C2
APN/PARCEL ID
C71-078
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949-506-2007
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949-506-2007
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