Lansing, KS - Take 5 Oil Change

Description:

SRS National Net Lease and Goldman Investment Advisors are 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 Lansing, Kansas. The tenant, Take 5 Oil Change will sign a new 15-year lease with 5 (5-year) options to extend at the close of escrow (sale-leaseback), 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 North Main Street and Eisenhower Road which combine to average over 45,400 vehicles passing by daily. North Main Street, is the major retail thoroughfare serving the city of Lansing. The Take 5 Oil Change is located walking distance from several national/credit tenants including The Home Depot, Tractor Supply, ALDI, Buffalo Wild Wings, Starbucks, and more. The asset is located approximately 1.5 miles from a Walmart Supercenter anchored center that features other national/credit tenants such as GameStop, Great Clips, AT&T, and others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Harbor Freight, Dillons, Dollar Tree, Culver’s, Freddy’s, Hotworx, Popeyes, and more, further increasing consumer traffic to the site. The subject property is within walking distance to University of Saint Mary which has over 1,200 students enrolled. The 5-mile trade area is supported by a population of over 44,900 residents and 14,400 employees with an average household income of $94,224.