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Take 5 Oil Change | Triple Net (NNN) Lease Investment

$1,225,000

3024 South Broadway, Edmond, OK 73013

Active
Last Updated: 01/18/2021

5.71

Cap Rate

70,000

NOI

Details:
Cap Rate:    5.71%
NOI:    $70,000
Building Size:    1,620 sqft
Lot Area:    0.5 acres
Lease Type:    Triple Net
Year Built:    2017
Price Per Sqft:    $43.21
Roof & Structure:    Tenant’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs & Maintenance:    Tenant’s Responsibility
Highlights:
  • Approximately 7 Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Corporately Guaranteed Lease By Driven Systems, LLC – Which Includes Over 500 Take 5 Oil Change Locations and More Than 2,000 Other Automotive-Related Locations Across the United States
  • Take 5 Oil Change Has Been in Business For Over 33 Years and Has Designed the First “5 Minute Drive-Thru Oil Change” Where Customers Can Stay in Their Car During the Process
  • Ideally Situated Along a Strong Retail Corridor – S Broadway Avenue Sees a Traffic Count of Over 50,336 VPD
  • Excellent Demographics – Located in a Dense Residential Neighborhood With a Population of Over 70,535 Residents Making an Average Household Income of $84,144 Within a 3-Mile Radius
  • Minutes From Several Attractions Like Arcadia Lake and the OK City Zoo, Which Sees Over 1,000,000 Visitors Per Year
  • Located Less Than 3-Miles From Two Major Universities: Oklahoma Christian University With 2,250 Students and University of Central OK With Over 17,000 Students
  • Just 3-Miles From the Three Major Distributor Warehouses: Ben E Keith, Nestle Purina and Pepsi
  • Edmond is a Northern Suburb of Oklahoma City, the 5th Largest City in Oklahoma, Ranks in the Upper Quartile of Population Density When Compared to Other Cities; and Voted By Time Money Magazine as “One of the Best 50 Places to Live” in 2016
  • Nearby Tenants Include: Tractor Supply, Dunkin’, Chick-fil-A, Walgreens, Hobby Lobby, Academy Sports + Outdoors, Home Depot, PetSmart, Goodwill, Burger King, T.J. Maxx, Bank of America, UPS, O’Reilly Auto Parts, Harbor Freight and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,620 SF Take 5 Oil Change at 3024 S Broadway in Edmond, Oklahoma. This Opportunity Includes Approximately 7 Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Unique Investment.



In Cooperation With Commercial Oklahoma, Inc.
BoR: Matt Weiss – Lic. #176169

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