Lecanto, FL - Express Oil Change

Description:

• Express Oil signed a 15-year lease with 5 (5-year) options to extend
• The lease features 7.5% rental increases every 5 years starting in LY 11 and at the beginning of each option period, growing NOI and hedging against inflation
• Express Oil Change & Tire Engineers is a leading provider of automotive services with a strong focus on speed, quality, and customer satisfaction
• Founded in 1979, the company has grown to over 300 locations across
the United States, offering a comprehensive range of services including
oil changes, tire replacements, brake services, and general automotive maintenance

• Express Oil is an outparcel to the Shoppes at Black Diamond, a new 29-acre retail development anchored by Target
• The Shoppes at Black Diamond features ALDI, Starbucks, 7-Eleven, Panera Bread, Texas Roadhouse, and more
• A new Sprouts-anchored development is underway behind the Target, providing additional traffic flow to the site
• The site is located at the signalized, hard corner intersection (shared with Walmart) of W. Norvell Bryant Hwy and N. Lecanto Hwy averaging 42,100 VPD
• Across from a new retail development that features Glory Days, Hobby Lobby, Panda Express, Arby’s, and more
• Brand new construction that will feature high quality materials, distinct design elements, and high-level finishes