Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Acworth, Georgia. The tenant, Take 5, will sign a new 15-year lease at the close of escrow (sale-leaseback) with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Take 5 Oil Change is located near the signalized, hard corner intersection of Cobb Parkway/U.S. Highway 41 and Mars Hill Rd which combine to average over 49,400 vehicles passing by daily. Cobb Parkway is the major retail thoroughfare serving the city of Acworth. The Take 5 is in close proximity to Lakeside Marketplace, a Target anchored center with other national/credit tenants including Petco, Michaels, LongHorn Steakhouse, Taco Bell, and Panda Express. In addition, the asset is less than 1 mile from Butler Creek Shopping Mall, a Kroger anchored center that features national/credit tenants such as McDonald’s, Crumbl, Wells Fargo, T-Mobile, and the UPS Store. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s, The Home Depot, Crunch Fitness, Chick-fil-A, Dunkin’, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 129,700 residents and 30,700 employees with an average household income of $143,304.