Take 5 Oil Change
New Roads, Louisiana
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NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 509 Hospital Road in New Roads, LA. The site consists of roughly 1,421 rentable square feet of building space on estimated 0.70-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 $90,000 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 Brands Funding, LLC
✓ Attractive Rental Increases | 1.50% Annually Starting Year 2
✓ Four (4), Five (5)-Year Tenant Renewal Options
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