Take 5 Oil Change

New Philadelphia, Ohio

NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 1280 W High Avenue in New Philadelphia, Ohio. The site consists of roughly 1,421 rentable square feet of building space on estimated 1.46-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.

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Corporate Guarantee from Driven Funding Holdco, LLC (~3,500+ Units)
✓ Attractive Rental Increases | 1.50% Annually Starting Year 2
✓ Four (4), Five (5)-Year Tenant Renewal Options

Key Details

Price:: $1,440,000
Cap Rate:: 6.25%
Annual Rent:: $90,000
Address:: 1280 W High Ave, New Philadelphia, Ohio 44663
Property Type:: Automotive
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Close of Escrow
Lease Expiration:: 20 Years From COE
Lease Term Remaining:: 20 Years
Rental Increases:: 1.50% Annually
Lot Size:: 1.46 Acres
Building Size:: 1,421 SF
Year Built:: 2024
Tenant:: Take 5 Oil Change

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

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, Inc

License: BRK.2009000214

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