Take 5 Oil

Highlights:

• Brand-new, state-of-the-art construction | Tenant opened in December 2022
• Absolute triple net lease | Zero landlord responsibilities
• New 15-year lease @ Close of Escrow with 10% rent increases every 5 years, beginning in year 6
• 6.62% Average Return over primary lease term
• Guaranty from a High-growth operator | On Track for ±50 locations by end of 2024
• Outparcel to City Square shopping center (Smart & Final/Hobby Lobby anchors), the dominant retail center serving the trade area
• Superb traffic counts (42,700 VPD) and ideal, brand-driven demographics
• Strategic & centralized location in Bullhead City/Laughlin
• Diverse economic drivers provide sustained growth for the Bullhead City/Laughlin, NV economy
• Take 5 oil change is the fastest growing oil change concept in the U.S. with more than 800 locations in 18 states

Description:

Faris Lee Investments is pleased to present the opportunity to acquire the brand-new, state-of-the-art construction Take 5 Oil in Bullhead, AZ

The property is an outparcel to city square shopping center, the dominant retail center serving the trade area of Bullhead City/Laughlin, AZ