Arvada, CO - Take 5 Oil Change

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change in Arvada, Colorado. Take 5 Oil Change recently signed a new 20 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual increases throughout the initial term and the option periods, 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. Take 5 is a subsidiary of Driven Brands Holdings, Inc., the largest automotive services company in North America.

The Take 5 Oil Change is located on the signalized, hard corner intersection of Wadsworth Blvd. and 68th Ave. with a combined 64,300 VPD. Wadsworth Blvd. is one of the major retail corridors serving the city of Arvada. The property is close to other major thoroughfares including Interstate 76/Heartland Expressway (151,000 VPD) and State Highway 95 (32,000 VPD). 2 miles south is the 541,000 SF Arvada Marketplace, with anchor tenants Sam’s Club, Floor and Decor, Conn’s, Conn’s Home Plus and junior anchors Five Below, Michael’s, and Dollar Tree. The property is in the center of a primary retail corridor with other nearby national/credit tenants including: Costco, The Home Depot, PetSmart, Lowe’s, Walmart, Target, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population over 324,000, with over 110,000 employees, and an average household income over $114,000.