Take 5 Oil Change
Shreveport, LA
Key Details
| Price: | $1,538,462 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $100,000 |
| Address: | 9521 Mansfield Road, Shreveport, Louisiana 71118 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 1.19 Acres |
| Building Size: | 1,445 SF |
| Year Built: | 2023 |
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 9521 Mansfield Road, Shreveport, Louisiana 71118. The site consists of roughly 1445 rentable square feet of building space on an estimated 1.19-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $100,000 and has scheduled increases of 1.50% Annually.
About the Investment
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guarantee from Driven Funding Holdco, LLC (~3,500+ Units)
- Attractive Rental Increases | 1.50% Annually Starting Year 2
- Four (4), Five (5)-Year Tenant Renewal Options
About the Location
- Dense Retail Corridor | Walmart Supercenter, McDonald’s, Zaxby’s, Pizza Hut, Lowe’s, Walgreens, Sonic, Dairy Queen, Advanced Auto Parts, Kroger, and Many More
- Strong Real Estate Fundamentals | Located Less Than 13-Miles from Downtown Shreveport, LA | Third Most Populous City in Louisiana | Population Exceeds 184,000
- Strong Traffic Counts | Over 34,100 and 44,200 Vehicles Per Day Along Mansfield Road and Louisiana Highway 3132 Respectively
- Proximity to Academic Institutions | Southwood High School, Ridgewood Middle School, Summerfield Elementary School, Summer Grove Elementary School and Many More Secondary and Primary Schools | Located within a 2-Mile Radius |3,500+ Students Enrolled
- Strong Demographics | Population Exceeds 200,000 Individuals Within a Ten-Mile Radius
About the Tenant/Brand
- Investment Grade (S&P: BBB-) | Driven Brands
- Over 5,000 locations throughout the U.S. and Canada
- Driven Brands is a leader in the automotive aftermarket industry and parent company of Take 5 Oil Change, Meineke, Maaco, CARSTAR, 1-800 Radiator, and many more
- Over $6 Billion in Sales System Wide
Key Details
| Price: | $1,538,462 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $100,000 |
| Address: | 9521 Mansfield Road, Shreveport, Louisiana 71118 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 1.19 Acres |
| Building Size: | 1,445 SF |
| Year Built: | 2023 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Edward Otocka
eotocka@nnnpro.com
License: NY: 10401298466
Amelia Haydock
ahaydock@nnnpro.com
License: NY: 10401334976
Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
Gordon Pollock
gpollock@nnnpro.com
License: NY: 10401370688
Broker of Record
Brian Brockman
Bang Realty, Inc
License: BROK.0995684990-ASA
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.