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Take 5 Oil Change 5530 Harvey St

1,763 SF Retail Building Muskegon, MI 49444 $3,043,080 CAD ($1,726 CAD/SF) 6.50% Cap Rate

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Investment Highlights

15-year absolute net lease with rental increases every 5 years
Outparcel to The Lakes Mall with direct ingress/egress from Harvey Street – 22,875 VPD
Experienced Take 5 operator that previously worked for Take 5 corporate for 20 years (16-unit franchisee with locations in IL and MI)

2024 build-to-suit construction to tenant’s latest prototype
The Lakes Mall is a 645,000 SF regional mall subject to 3.2M annual visitors, which ranks in the 90th percentile of malls in Michigan per Placer.ai
Zero maintenance/expense obligations for the landlord making this a truly “hands-off” investment

Executive Summary

A 15-year absolute NNN Take 5 featuring 7.5% rental increases every 5 years in the base term and throughout the eight option periods. Subject property serves as a main outparcel to The Lakes Mall with direct ingress/egress from Harvey Street (22,875 VPD) and exposure to the 3.2M annual visitors of the shopping center (per Placer.ai).

Take5_MuskegonMI