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1280 Julian Allsbrook Hwy, Roanoke Rapids, NC, 27870

Take 5 Oil Change

$1,704,225

Key Information

Cap Rate
6.25%
Tot. SF
1,800
Lot Size
0.72 Acres
Year Built
2021
Term Remaining
± 10.5 Years
Type
Retail
Occupancy
100%
NOI
$106,514

Highlights

• 2021 build-to-suit construction for Take 5
• ±10.50 Years remaining on the base term of a 15 Years lease
• 10% rent increase in 2031 & in all Six, 5-Year options
• The subject property qualifies for bonus depreciation (consult with a tax professional)
• Full term guarantee from a well established franchisee (±45 locations by year end)
• Traffic counts of ±34,682 VPD at the intersection of I-158 & Old Farm Rd
• Booming retail corridor with national tenants such as Lowe’s, Dunkin’, Tractor Supply Company, Walmart, Food Lion, Sheetz, Burger King, Walgreens, PNC Bank, Applebee’s, Taco Bell, Zaxby’s, and many more!
• Take 5 is one of the nation’s leading drive-thru oil change concepts with approximately ±1,500 locations across the United States
• Take 5 is growing at an exponential rate and has recently begun franchising some of their new locations
• Driven Brands owns Take 5 Oil, Meineke Car Care, Maaco, 1-800-Radiator, CARSTAR and more

Photos

Location

Agents

Broker of Record

Gerard Hamas

License # 362768, C42113 (NC)
Matthews of North Carolina, LLC
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203