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Take 5 Oil Change

Norman, Oklahoma

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NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 3600 Classen Blvd, in Norman, Oklahoma. The site consists of roughly 1,192 rentable square feet of building space on estimated 1.98-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 $105,000 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:
$1,750,000
Cap Rate:
6.00%
Annual Rent:
$105,000
Address:
3600 Classen Blvd, Norman, Oklahoma 73071
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:
1.983 Acres
Building Size:
1,559 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

Samikshya Gautam

License: 10401315720

Gordon Pollock

License: 10401370688

Broker of record

Brian Brockman

Bang Realty-Oklahoma, Inc

License: 177814


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