Tyler, TX - Take 5 Oil Change (SE Loop 323)

Description:

• Brand new 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The franchisee signed lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• Brand new construction with high-quality materials and a innovative design
• Take 5 Oil Change® expands total footprint to over 800 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multi-year runway for growth

• Take 5 is located near the signalized, hard corner intersection of State Hwy 31 and S. SE Loop 323 which averages a combined 47,500 VPD
• The subject property is directly across from a Walmart Supercenter anchored center, increasing consumer traffic in the trade area
• The site is ideally located in a dense retail corridor with numerous nearby national/credit tenants including Aldi, Taco Bell, 7-Eleven, Dollar Tree, Starbucks, Raising Cane’s and many more
• The asset benefits from close proximity to Tyler Junior College (12,000+ students) and UT Health Tyler (337 beds), further increasing consumer traffic in the immediate area