For Sale
For Sale
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Year Built
2002 (Renovated 2020)
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Overview
SECURE INCOME STREAM
• New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
• 10% Rent Increases Every 5 Years
• Brand New Roof with 15-Year Warranty
• Purple Square Management Has Exclusive Rights to Open 12 Additional Take 5 Locations in the Next 12 Months
• Experienced Franchisee and Guarantor, Operates Over 150 Locations in the QSR and Auto Service Industry
• Larger Footprint than Typical Oil Change Facilities
• Excellent Access and Visibility to 65,500 Cars/Day
• Infill Trade Area with 303,381 Residents in 5-Mile RadiusSTRONG MARKET FUNDAMENTALS
• High-Growth Market, Population Expected to Increase 8% by 2025
• Across from Fashion Square Mall, $1B Mixed-Use Redevelopment Expected to Begin in 2021
• Fashion Square Redevelopment to Include 1,500 High-Rise Apartments, 500,000 SF of Retail, 200,000 SF of Office and a Hotel
• Affluent Consumer Base with an Average Household Income of $88,496
• Strong Daytime Employment of 390,879 within 5 Miles
• Minutes to Baldwin Park and Downtown OrlandoNew 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
Property Details
Take 5 Oil Change | UNDER CONTRACT
SECURE INCOME STREAM
• New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
• 10% Rent Increases Every 5 Years
• Brand New Roof with 15-Year Warranty
• Purple Square Management Has Exclusive Rights to Open 12 Additional Take 5 Locations in the Next 12 Months
• Experienced Franchisee and Guarantor, Operates Over 150 Locations in the QSR and Auto Service Industry
• Larger Footprint than Typical Oil Change Facilities
• Excellent Access and Visibility to 65,500 Cars/Day
• Infill Trade Area with 303,381 Residents in 5-Mile Radius
STRONG MARKET FUNDAMENTALS
• High-Growth Market, Population Expected to Increase 8% by 2025
• Across from Fashion Square Mall, $1B Mixed-Use Redevelopment Expected to Begin in 2021
• Fashion Square Redevelopment to Include 1,500 High-Rise Apartments, 500,000 SF of Retail, 200,000 SF of Office and a Hotel
• Affluent Consumer Base with an Average Household Income of $88,496
• Strong Daytime Employment of 390,879 within 5 Miles
• Minutes to Baldwin Park and Downtown Orlando
New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
- Property TypeRetail
- Submarket
- Year Built2002Renovated 2020
- Sale Price$2,275,000
- Total Acres0.06
- Cap Rate6.0%
- Property ID2170341
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