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Take 5 Oil Change

Victoria, Texas

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NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change
located at 1302 E Rio Grande St, Victoria, TX 77901. The site consists of
roughly 1,682 rentable square feet of building space on an estimated 0.43-
acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net
(NNN) lease which will commence upon close of escrow. The annual rent
will be $105,000 and has scheduled increases of 1.50% Annually.

Investment Highlights:

  • Strong Corporate Guarantee | Driven Funding Holdco, LLC (~3,500 Units)
  • Attractive Rental Increases | 1.50% Annual Rental Increases
  • Long Term Lease | 20-Year Absolute Triple Net (NNN) Sale-Leaseback

Key Details

Price:
$1,680,000
Cap Rate:
6.25%
Annual Rent:
$105,000
Address:
1302 E Rio Grande St, Victoria, Texas 77901
Property Type:
Automotive
Lease Type:
Triple Net (NNN)

Original Lease Term:
20
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years From COE
Lease Term Remaining:
20
Rental Increases:
1.50% Annually
Lot Size:
0.43 Acres
Building Size:
1,682 SF
Year Built:
2024
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-Texas, Inc

License: 701472


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