Durham NC - Take 5 Oil Change

Description:

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Tenant maintains all aspects of the premises.
No landlord responsibilities.
Ideal, management-free investment for an out-of-state, passive investor.

Franchisee Guaranteed Lease | Options To Extend | Scheduled Rental Increases.
Experienced franchisee operator – Quick Lube of Carolina, LLC.
11 years remaining on lease with 4 (5-year) option periods to extend.
The lease features 10% rental increases every 5 years and at the beginning of each option period, providing a hedge against inflation and steadily growing NOI.

Fronting North Duke Street | Excellent Visibility & Traffic.
Take 5 is strategically located on North Duke Street, a major retail thoroughfare for Durham with over 23,000 cars passing the site each day.
The property has excellent visibility via street frontage providing ease and convenience for customers and employees.

Strong Demographics in 5-Mile Trade Area.
More than 136,800 residents and 79,300 employees support the trade area
$103,383 average household income, projected to increase to $116,566 by 2030.

Proximity to Local High Schools. The Take 5 is located ½ mile south of Northern High School, with over 1,300 students.

Northern High School recently relocated to this location in 2023 to keep pace with growing population. 3 miles east of Riverside High School, with over 1,850 students

1.5 miles north of Duke Regional Hospital. Duke Regional Hospital is equipped with 377 inpatient beds with over 500 physicians, serving Durham, Orange, Person, Granville and Alamance counties for over 45 years.

4.5 miles northeast of Duke University. There were 17,499 undergraduate and graduate students enrolled at Duke for the 2024 fall semester.