Take 5 Oil Change | 2545 Gessner Rd
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Take 5 Oil Change 2545 Gessner Rd
1,681 SF Retail Building Houston, TX 77080 $2,197,078 CAD ($1,307 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Surrounding National Retailers | HEB, Kroger, Aldi, Mister Car Wash, Starbucks, LA Fitness, Regions Bank, Walgreens, McDonalds, Whataburger, and more
- Dense Houston Demographics | 112,075 Population in a 1-Mile radius & 268,640 in a 3-Mile radius
- Convenient Access & High Traffic Counts | The Subject Property Benefits from Easy Access from Gessner Rd Seeing 27,857 Vehicles per Day
Executive Summary
Absolute Net Ground Lease | Zero Landlord Responsibilities - Tenant is Directly Responsible for All Operating and Capital Expenses Related to the Property
Corporate Guarantee | The lease is Guaranteed by Corporate Take 5 (Take 5 Properties SPV LLC)
Long Term Lease | Take 5 Recently Executed a 15 Year Lease with Three Consecutive Five-Year Renewal Options
Inflation Hedge | 10% Rental Increases Every 5 Years in Primary Term and Options – Income Tax Free State
Quality 2024 Construction | Take 5 is Utilizing Their Preferred 3 Bay Prototype
Corporate Guarantee | The lease is Guaranteed by Corporate Take 5 (Take 5 Properties SPV LLC)
Long Term Lease | Take 5 Recently Executed a 15 Year Lease with Three Consecutive Five-Year Renewal Options
Inflation Hedge | 10% Rental Increases Every 5 Years in Primary Term and Options – Income Tax Free State
Quality 2024 Construction | Take 5 is Utilizing Their Preferred 3 Bay Prototype
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,681 SF
Year Built
2024
Price
$2,197,078 CAD
Price Per SF
$1,307 CAD
Cap Rate
5.50%
NOI
$120,839 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.43 AC
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0951230000013 | Improvements Assessment | $362,583 CAD |
| Land Assessment | $523,253 CAD | Total Assessment | $885,836 CAD |
PROPERTY TAXES
Parcel Number
0951230000013
Land Assessment
$523,253 CAD
Improvements Assessment
$362,583 CAD
Total Assessment
$885,836 CAD
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Take 5 Oil Change | 2545 Gessner Rd
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