Lindenwold, NJ - Take 5 Oil Change

Description:

SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Lindenwold, NJ. The tenant, Take 5 Oil Change recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% annual rental increases every 5 years throughout the initial term and throughout 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 an out of state investor.

The Take 5 Oil Change is located near the signalized, hard corner intersection of Blackwood Clementon Road and Laurel Road with a combined (46,332 AADT). The Take 5 Oil Change is an outparcel to a Save aLot and Family Dollar anchored center. The asset is in ideal proximity to major national tenants such as ShopRite, Chipotle, Planet Fitness, Dollar Tree, Advance Auto Parts, 7-Eleven, Popeyes, McDonalds, Starbucks and many more. The 5-mile trade area is supported by a population of over 215,245 with an average household income of $113,158.