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Take 5 Oil Change

Walker, Louisiana

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NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 28145 Walker South Road, in Walker, Louisiana. The site consists of roughly 1,414 rentable square feet of building space on estimated 0.50-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 $120,000 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:
$1,846,154
Cap Rate:
6.50%
Annual Rent:
$120,000
Address:
28145 Walker South Rd, Walker, Louisiana 70785
Property Type:
Retail
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
1.5% Annually
Lot Size:
.51 Acres
Building Size:
1,414 SF
Year Built:
2023
Tenant:
Take 5 Oil Change

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

Amelia Haydock

License: 10401334976

Francis Purritano

License: 10401333619

Gordon Pollock

License: 10401370688

Broker of record

Brian Brockman

Bang Realty, Inc

License: BROK.0995684990-ASA


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