Myrtle Beach, SC - Take 5 Oil Change

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 900 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multiyear runway for growth

• Take 5 is strategically located at the signalized, hard corner intersection of Hwy 17 and Palmetto Pointe Blvd averaging 84,000 VPD
• Ideally positioned just off Hwy 17 (75,700 VPD), allowing users to benefit from direct access to the site
• Less than 2.5 miles from Myrtle Beach International Airport
• The asset has excellent visibility and multiple points of access, providing ease and convenience for customers