Take 5 Oil Change | 803 Saint Patrick St
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Take 5 Oil Change 803 Saint Patrick St
1,108 SF Retail Building Rapid City, SD 57701 £1,383,906 (£1,249/SF) 6.50% Net Initial Yield
Investment Highlights
- New 15-year absolute NNN lease with the full lease term retaining on the original lease
- Excellent 6% rental increase after year 5, with rare 1.5% annual rental increases for the remainder of the lease term
- Four (4) five (5)-year extension periods
- Take 5 Oil Change is at almost 800 locations, proving strong performance across the entire company
Executive Summary
High-Visibility & Easily Accessible Location: This Take 5 Oil Change features a high-visibility and easily accessible location just off the major 4-way signalized intersection of Saint Patrick Street & Mount Rushmore Road (combined 37,795 AADT).
Positioned Along a Major Thoroughfare: Connecting Take 5 Oil Change with the heart of downtown Rapid City, Mount Rushmore Road sees over 25,000 vehicles per day, making it one of Rapid City’s biggest and most traveled thoroughfares.
Surrounded by Major National Tenants: The subject property maintains excellent proximity to major national tenants such as Walgreens, Safeway, Starbucks, McDonald’s, AutoZone Auto Parts, and many more.
Beneficial Proximity to Educational Institutions: The property is within four miles from Western Dakota Technical College (1,324 students) and South Dakota School of Mines & Technology (2,416 students), establishing a reliable customer base for the site.
Excellent Demographics: 82,934 residents live within five miles of the site, supported by an excellent average annual household of $87,105, (projected 16% increase over the next five years) providing an affluent demographic.
Positioned Along a Major Thoroughfare: Connecting Take 5 Oil Change with the heart of downtown Rapid City, Mount Rushmore Road sees over 25,000 vehicles per day, making it one of Rapid City’s biggest and most traveled thoroughfares.
Surrounded by Major National Tenants: The subject property maintains excellent proximity to major national tenants such as Walgreens, Safeway, Starbucks, McDonald’s, AutoZone Auto Parts, and many more.
Beneficial Proximity to Educational Institutions: The property is within four miles from Western Dakota Technical College (1,324 students) and South Dakota School of Mines & Technology (2,416 students), establishing a reliable customer base for the site.
Excellent Demographics: 82,934 residents live within five miles of the site, supported by an excellent average annual household of $87,105, (projected 16% increase over the next five years) providing an affluent demographic.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,108 SF
Building Class
C
Year Built
2023
Price
£1,383,906
Price Per SF
£1,249
Net Initial Yield
6.50%
NOI
£89,946
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.31 AC
Parking
6 Spaces (5.42 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
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Power Broker Scott Crowle -
Russell Train -
Power Broker Michael Yuras -
Power Broker Vincent Aicale -
Power Broker Ryan Forsyth -
Cushman & Wakefield
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Take 5 Oil Change | 803 Saint Patrick St
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