Clovis, CA - 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 investment property located in Clovis, California. The tenant will sign a new, 15-year lease at the close of escrow (sale-leaseback) with three (3) 5-year options and one (1) 4-year, 11-month option to extend, demonstrating their long-term 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 off of Shaw Avenue (32,100+ VPD), one of the most heavily trafficked streets in Clovis. The site benefits from excellent visibility and access within a dense retail corridor surrounded by national/credit tenants including Walmart, Lowe’s, Michaels, Target, Costco, Kohl’s, Ross, Marshalls, HomeGoods, Dick’s Sporting Goods, Old Navy, Petco, and CVS. The property is also proximate to multiple shopping centers including Sierra Vista Mall, Sierra Pavilion, Village Square Shopping Center, Buchanan Crossroads, and Windmill Marketplace, further strengthening consumer draw to the area. The 5-mile trade area is supported by a population of over 347,158 residents and 125,321 employees, with strong income demographics averaging $106,530. Expanded trade area demographics include more than 866,400 residents and 402,700 employees, with an average household income of $78,364, further underscoring the site’s prime location and stability as a long-term investment.

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