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Take 5 Oil Change

Mobile, Alabama

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NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 1057 Schillinger Road in Mobile, Alabama. The site consists of roughly 1,046 rentable square feet of building space on estimated 0.60-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 $115,000 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

Key Details

Price:
$1,769,231
Cap Rate:
6.50%
Annual Rent:
$115,000
Address:
1057 Schillinger Road, Mobile, Alabama 36608
Lease Type:
Triple Net (NNN)

Lot Size:
.6 Acres
Building Size:
1,455 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-Alabama, Inc

License: 119315


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