931 S General McMullen Dr - Freestanding FOR SALE


San Antonio, TX 78237- Prospect Hill
$1,305,000 USD
512-373-2814
931 S General McMullen Dr, San Antonio, TX for Sale
$1,305,000 USD
Freestanding - FOR SALE
1/7
null | 5.75% Cap Rate

931 S General McMullen Dr
San Antonio, TX 78237
Prospect Hill


HIGHLIGHTS

  • Ground Lease with 15 year base term plus three 5-year option periods
  • 10% base rent increases every five years in the base term and in each of the 3 renewal periods
  • No landlord responsibilities. All taxes, insurance, maintenance, repairs, utilities and capital improvements are tenants direct responsibility
  • Corporate store, not a franchise
  • The subject property enjoys excellent visibility to all HEB grocery shoppers as well as those at the HEB fuel station
  • The 3-tenant retail center adjacent to the east is also available. Please contact broker for additional details.

OVERVIEW

Take 5 Oil Change at 931 S General McMullen Drive presents the opportunity to acquire a newly constructed, corporate-operated net leased asset in San Antonio, Texas. The property is occupied by Take 5 Oil Change, a subsidiary of Driven Brands, under a 15-year ground lease with three additional 5-year renewal options. The lease structure provides for 10% rent increases every five years throughout the base term and renewal periods, creating contractual income growth over the investment horizon. The tenant is responsible for taxes, insurance, maintenance, repairs, utilities, and capital improvements, minimizing landlord responsibilities and supporting a passive ownership profile. As a corporate-operated location rather than a franchise, the property benefits from direct tenancy by one of the fastest-growing automotive service brands in North America. Driven Brands operates approximately 4,900 locations across the United States and internationally, with Take 5 Oil Change serving as its largest revenue contributor.

FOR SALE DETAILS

PRICE

$1,305,000 USD

PRICE/SF

$1,003 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,711 SF

ZONING

C3

APN/PARCEL ID

08124-003-1860

ASK ABOUT THIS PROPERTY

Alan RustRESOLUT REMore Info
512-373-2814

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

Alan RustRESOLUT REMore Info
512-373-2814

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