Haines City, FL - Take 5 Oil Change

Description:

• 10-year lease with 7+ years remaining and 4 (5-year) options to extend, demonstrating their commitment to the site
• The corporate signed lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
• Take 5 Oil Change® expands total footprint to over 900 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multi-year runway for growth

• Take 5 is strategically fronting US Hwy 27 averaging 57,500 vehicles per day
• Outparcel at Citrus Crossing, a 22,700 SF shopping center
• US Hwy 27 is the primary thoroughfare serving the Haines City with national/credit tenants such as Wendy’s, AutoZone, Taco Bell, Dollar Tree, Burger King, and more
• A new subdivision and Publix-anchored shopping center is under construction which will add 2,816 single-family homes and 438 townhomes to the area
• Currently, there are 10 subdivisions under development. City leaders said affordable homes and location makes Haines City an ideal location for new residents
• The immediate trade area is supported by several big box retailers such as Walmart Supercenter, Winn-Dixie, ALDI, Dollar General Market, and more