San Antonio, TX - Take 5 Oil Change

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a brand new, absolute NNN ground leased Take 5 Oil Change property in San Antonio, Texas. The tenant, Take 5 Properties SPV LLC (dba Take 5 Oil Change), signed a new 20-year ground lease with 4 (5-year) options to extend. The lease features 10% rental increases every five years throughout the initial term and at the beginning of each option period, providing steady NOI growth. The absolute NNN lease requires the tenant to cover taxes, insurance, maintenance and repairs, including the roof, structure and foundation, providing a management-free investment. Take 5 will construct an approximately 2,000-square-foot facility on 0.94 acres within a new retail development featuring AutoZone and Quick Quack Car Wash. Rent is scheduled to commence February 2027 (est.), with the store anticipated to open in Q1 2027.

The property is strategically positioned along N. Loop 1604 E (30,200 VPD), just north of Interstate 10 (54,500 VPD), offering excellent visibility and access. The development sits across from a future H-E-B grocery store and adjacent to the approximately 1-million-square-foot Core 5 Logistics Center. The surrounding area
is experiencing substantial residential growth, with thousands of planned and under-construction homes across Paloma, Paloma Park, Savannah Place, Catalina,
Knox Ridge and Notting Hill. Nearby national retailers include Walmart, McDonald’s, Shell, Whataburger and Advance Auto Parts. The Arcadian, a 324-unit apartment community, is immediately adjacent. The 5-mile trade area includes over 143,000 residents with average household income exceeding $106,000.

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