Overview

Description

The subject property is the ownership of the land under a new, single tenant Take 5 Oil Change located in Pineville, Louisiana. Pineville is a located across the Red River from Alexandria, the state’s ninth largest city. Our lease is corporately guaranteed by Driven Systems, LLC who is the parent company of Take 5 Oil and a number of other related businesses. The tenant has constructed all improvements at their expense and retains ownership during their tenancy. At the expiration of the lease, or in the event of a default, all improvements will revert to the landowner at no cost. Take 5 Oil Change is located between Walmart Supercenter, Walgreens Drugstore and Lowe’s Home Improvement. Additional nearby traffic generators include AutoZone, Burger King, Circle K, Daiquiris To Go, Evangeline Bank, Fast Pace Urgent Care, Firestone Tires, Jiffy Lube, Goodwill, McDonald’s, Murphy USA, Outlaw’s BBQ, PetSense, Pizza Hut, Popeye’s, Region’s Bank, Smoothie King, Sonic Drive In, Taco Bell and Whataburger. Louisiana Christian University, Camp Beauregard and a Proctor and Gamble industrial facility are also close by. Take 5 operates more than 850 locations in the United States and Canada offering customers oil change and service for auto fluids, air filters and wiper blades. This is an opportunity to own a management free investment property with a fifteen year, absolute net lease guaranteed by one of the largest automotive service brands.

Highlights

• LOW PRICE CORPORATE TAKE 5 OIL CHANGE
• ABSOLUTE NET GROUND LEASE
• RENT INCREASES BY 10% EVERY 5 YEARS
• IN BUSY RETAIL HUB
• SURROUNDED BY NATIONAL RETAILERS
• NEAR EMPLOYERS

Documents

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