Take 5 Oil Change | Brand New Construction 505 SE 323 Loop 1,500 SF Retail Building Tyler, TX 75702 $2,697,154 CAD ($1,798.10 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Deal | Annual Increases | New Construction | Corporate Signed
- Near Signalized, Hard Corner Intersection | Dense Retail Corridor | Across from Walmart Supercenter | Nearby College & Hospital
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities | No State Income Tax
- Local Demographics in 5-mile Trade Area | Consumer Base
EXECUTIVE SUMMARY
• Brand new 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The franchisee signed lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• Brand new construction with high-quality materials and a innovative design
• Take 5 Oil Change® expands total footprint to over 800 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multi-year runway for growth
• The franchisee signed lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• Brand new construction with high-quality materials and a innovative design
• Take 5 Oil Change® expands total footprint to over 800 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multi-year runway for growth
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
B
Year Built
2024
Construction Status
Under Construction
Price
$2,697,154 CAD
Price Per SF
$1,798.10 CAD
Cap Rate
5.25%
NOI
$141,611 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.71 AC
Opportunity Zone
Yes
Parking
18 Spaces
Frontage
164’ on North Northwest Loop 323
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,826,798 CAD | |
| Land Assessment | $2,115,383 CAD | Total Assessment | $9,942,182 CAD |
