Take 5 Oil Change

Fort Lauderdale, Florida

NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 385 North State Road 7 in Plantation, Florida. The site consists of roughly 1,318 rentable square feet of building space on estimated 0.30-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $110,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Corporate Guarantee from Driven Systems, LLC
✓ Attractive Rental Increases | 1.50% Annually Starting Year 2
✓ Four (4), Five (5)-Year Tenant Renewal Options

Key Details

Price:: $1,833,333
Cap Rate:: 6.00%
Annual Rent:: $110,000
Address:: 385 N. State, Fort Lauderdale, Florida 33317
Property Type:: Retail
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Close of Escrow
Lease Expiration:: 20 Years from Close of Escrow
Lease Term Remaining:: 20 Years
Rental Increases:: 1.5% Annually
Lot Size:: .30 Acres
Building Size:: 1,318 SF
Year Built:: 1985
Year Renovated:: 2023
Tenant:: Take 5 Oil Change

Talk to the pros

Edward Otocka

eotocka@nnnpro.com

License: 10401298466

Amelia Haydock

ahaydock@nnnpro.com

License: 10401334976

Francis Purritano

fpurritano@nnnpro.com

License: 10401333619

Gordon Pollock

gpollock@nnnpro.com

License: 10401370688

Broker of record

Brian Brockman

Bang Realty-Naples, Inc

License: BK3327646

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