Take 5 Oil Change | 3020 16th St
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Take 5 Oil Change 3020 16th St
1,683 SF Retail Building Orange, TX 77630 $2,381,350 CAD ($1,415 CAD/SF) 6.25% Cap Rate
Investment Highlights
- 20-Year Triple-Net (NNN) Lease At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple- Net Lease
- Corporate Guarantee Driven Funding Holdco, LLC (~3,500 Units)
- Attractive Rental Increases and Renewal Options
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change
located at 3020 N 16th St, Orange, TX 77630. The site consists of roughly
1,683 rentable square feet of building space on an estimated 0.32-acre
parcel of land. This Take 5 Oil Change is subject to a 20 Years-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.
located at 3020 N 16th St, Orange, TX 77630. The site consists of roughly
1,683 rentable square feet of building space on an estimated 0.32-acre
parcel of land. This Take 5 Oil Change is subject to a 20 Years-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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,683 SF
Building Class
C
Year Built
2024
Price
$2,381,350 CAD
Price Per SF
$1,415 CAD
Cap Rate
6.25%
NOI
$148,834 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.32 AC
Opportunity Zone
Yes
Parking
6 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
109 ft on North 16th Street
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 005365-000010 | Improvements Assessment | $0 CAD |
| Land Assessment | $21,801 CAD | Total Assessment | $21,801 CAD |
PROPERTY TAXES
Parcel Number
005365-000010
Land Assessment
$21,801 CAD
Improvements Assessment
$0 CAD
Total Assessment
$21,801 CAD
Contacts
-
Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Francis Purritano -
Gordon Pollock -
NNN Pro Group
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Take 5 Oil Change | 3020 16th St
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