North Charleston, SC - Take 5

Description:

• Brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The franchisee signed lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
• Operated by Claycon Oil, LLC, a franchisee that has 12 locations open with an additional 8 under development, soon to be a 20+ unit operator
• Take 5 Oil Change® expands total footprint to over 800 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multiyear runway for growth

• Take 5 is strategically fronting Dorchester Road averaging 42,800 VPD
• Dorchester Road is the primary thoroughfare serving the city of North Charleston with surrounding big box retailers such as Walmart Supercenter, Harris Teeter, Publix, Lowe’s, and more
• The asset has excellent visibility and multiple points of access, providing ease and convenience for customers