Property Details
For Sale | Take 5 Oil Change Exclusive Net-Lease Offering
Take 5 Oil Change investment opportunity in Houston, Texas. 10-year absolute NNN ground lease commenced in September 2017 with 10% rental escalations every 5 years throughout the primary lease term and option periods.
Lease is guaranteed by Driven Systems, LLC | A Driven Brands related entity with a net worth over $400 Million
Irreplaceable location in the heart of Houston’s affluent Montrose District just a few miles from downtown Houston
4 miles from Houston’s Galleria Mall with 2.4 million square feet of retail and 30 million annual visitors
Stellar income demographics with Average Household Incomes of $139,000, $156,000 and $131,000 within a 1, 3, and 5 mile radius respectively
Extremely Dense population with 29,000, 195,000 and 500,000 people within a 1, 3, and 5 mile radius respectively
High traffic counts with over 25,000 vehicles per on Richmond Avenue in front of the subject property and over 250,000 vehicles per day on I-59 just 1 mile south of the subject property
- Property TypeRetail
- Submarket
- Year Built2017
- Total Acres0.03
- Property ID2018585