New Take 5 Oil | 15-Yr | 16+ Unit Guarantor 3806 Broadway St 1,627 SF Retail Building Mount Vernon, IL 62864 $2,768,260 CAD ($1,701.45 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-Year Sale Leaseback | Strong Operator (16+ Units) | Rapidly Growing Brand | E-Commerce & Recession Proof Tenant
- Excellent Visibility & Access Along Broadway Street (22,530 VPD) | Across From Times Square Mall (2.3M+ Annual Visits)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
retail destination for the immediate area and receives substantial consumer traffic from nearby on/off ramps of Interstate 64/57 (43,000 VPD). The tenant receives significant crossover retail exposure from nearby national tenants including Walmart Supercenter, Lowe’s, Menard’s, Kohl’s, ALDI, Kroger, McDonald’s, the SSM Health Good Samaritan Hospital (134 beds), and the Crossroads Community Hospital (56 beds). Furthermore, the site is located directly across from the Times Square Mall, which attracts 2.3 million+ annual visits (per Placer.ai) and features a strong tenant lineup including Planet Fitness, Ross, Big Lots, Hibbett Sports, Dunham’s Sports, Bath & Body Works, Ashley Outlet, 7 Brew, KFC, and Wendy’s. The 5-mile trade area is supported by a population of over 18,900 residents and 18,600 employees with an average household income of $75,887.
PROPERTY FACTS
AMENITIES
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
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Whether it’s an oil change followed by a car wash, a car wash before an oil change…or both at completely different times, Take 5 gets the job done quickly so you can be on your way. Take 5 was founded as Rapid Oil Change. It offered quick oil changes, minor repairs and other maintenance services. Since then, it has seen expansion, faced disaster and become part of the community. What started in Louisiana, just outside New Orleans, spread to several states and across the southeastern United States from Virginia to Texas and several locations, with more shops opening in the coming months. Among the newest locations is the first Take 5 in Florida. To date, the company has opted to limit franchising the brand but it continues to consider future options to do so.
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NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-25-355-007 | Improvements Assessment | $97,537 CAD |
| Land Assessment | $107,478 CAD | Total Assessment | $205,015 CAD |
