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7 Brew & Take 5 Oil Change

2 Retail Properties Offered at £2,674,184 in Rapid City, SD

Investment Highlights

  • New 15-year absolute NNN leases with scheduled rental increases
  • No landlord obligations, ideal for an out-of-area investor
  • Take 5 is experiencing explosive growth as Driven Brands scaled the business from less than 50 locations to more than 800 company-operated locations
  • Excellent 6% rental increases after year 5, with rare 1.5% annual rental increases during each option period
  • Take 5 is a subsidiary of Driven Brands, Inc. (4,700 units with over $5.3B in system-wide sales)
  • Arkansas-based 7 Brew was founded in 2016 and has since surpassed 150 stores open and operating in 25+ states

Property Facts

Price £2,674,184
Price / SF £1,813 / SF
Sale Conditions 1031 Exchange
Net Initial Yield 6.50%
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 1,475 SF
Total Land Area 1.52 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
7 Brew
509 N Cambell St, Rapid City, SD 57701
Retail 1,000 SF 2023 -
7 Brew
507 N Cambell St, Rapid City, SD 57701
Retail 475 SF 2023 -
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  • Listing ID: 33171464

  • Date on Market: 05/11/2024

  • Last Updated:

  • Address: 7 Brew & Take 5 Oil Change, Rapid City, SD

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