Take 5 Oil Change
DeFuniak Springs, FL
Key Details
| Price: | $2,043,478 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $117,500 |
| Address: | 1187 US 331, DeFuniak Springs, Florida |
| 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: | 0.62 Acres |
| Building Size: | 1,682 SF |
| Year Built: | 2025 |
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 1187 US 331, DeFuniak Springs, Florida. The site consists of roughly 1682 rentable square feet of building space on an estimated 0.62-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 $117,500 and has scheduled increases of 1.50% Annually.
About the Investment
- Long-Term 20-Year NNN Sale-Leaseback | Structured as a sale-leaseback, this offering provides long-term stability with a nationally recognized tenant in a high-demand, essential service industry. With zero landlord responsibilities, investors benefit from a truly passive income stream, ensuring predictable cash flow with no maintenance or operational oversight required.
- Strong Corporate Guarantee | This Take 5 Oil Change investment is backed by a strong corporate guarantee from Drive Funding Holdco, LLC, a well-established operator with a portfolio of over 3,500 units nationwide. This robust financial backing enhances the security of the long-term lease, providing investors with confidence in the tenant’s stability and performance.
- New Construction | The site is a brand new build with state-of-the-art systems throughout.
Key Details
| Price: | $2,043,478 |
|---|---|
| Cap Rate: | 5.75% |
| Annual Rent: | $117,500 |
| Address: | 1187 US 331, DeFuniak Springs, Florida |
| 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: | 0.62 Acres |
| Building Size: | 1,682 SF |
| Year Built: | 2025 |
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
Gordon Pollock
gpollock@nnnpro.com
License: NY: 10401370688
Davis Ford
dford@nnnpro.com
License: NY: 10401379279
Christopher Marks
cmarks@nnnpro.com
License:
Broker of Record
Brian Brockman
Bang Realty-Naples, Inc
License: BK3327646
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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.