Take 5 Oil Change | 1083 Orange Ave
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Take 5 Oil Change 1083 Orange Ave
1,408 SF Retail Building West Haven, CT 06516 $1,872,906 CAD ($1,330 CAD/SF) 6% Cap Rate
Investment Highlights
- 15-year sale leaseback at close of escrow with 10% rental increases every 5 years during the primary term
- Excellent visibility & signage from the corner location of Boston Post Road & Jaffrey Street
- Subject property is located within 1-mile of the newly developed 200,000 SF Amazon distribution facility with over 100 employees and 15 loading docks
- Rare opportunity to purchase a nationally branded absolute NNN asset in the Northeast, situated halfway between New York City and Hartford, CT
- Strong traffic counts of approximately 21,000 VPD on Boston Post Road
- Dense retail area near Target, Best Buy, McDonald’s, Starbucks, Wendy’s, O’Reilly Auto Parts, and Monroe Auto Parts
Executive Summary
This Take 5 Oil Change, located halfway between New York City and Hartford, CT, features a 15-year sale leaseback with 10% rental increases every 5 years during the primary term. Strong national tenant, with parent company system-wide sales of over $6.2 billion (FY, 2023). Subject property is located in a dense retail node on Boston Post Road.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,408 SF
Building Class
C
Year Built/Renovated
1985/2022
Price
$1,872,906 CAD
Price Per SF
$1,330 CAD
Cap Rate
6%
NOI
$112,374 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.36 AC
Opportunity Zone
Yes
Parking
9 Spaces (6.39 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | WHAV-000046-000017 | Improvements Assessment | $135,760 CAD |
| Land Assessment | $193,253 CAD | Total Assessment | $329,013 CAD |
PROPERTY TAXES
Parcel Number
WHAV-000046-000017
Land Assessment
$193,253 CAD
Improvements Assessment
$135,760 CAD
Total Assessment
$329,013 CAD
-
Zandy Smith -
CP Partners CRE
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Take 5 Oil Change | 1083 Orange Ave
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