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Take 5 Oil Change | 825 Union Rd
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Take 5 Oil Change 825 Union Rd
1,682 SF Retail Building Englewood, OH 45315 £1,325,487 (£788/SF) 6% Net Initial Yield
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INVESTMENT HIGHLIGHTS
- Long-Term 20-Year NNN Sale-Leaseback
- Absolute Triple Net (NNN) Lease
- Strong Corporate Guarantee
- Attractive Annual Rental Increases
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 825 Union Blvd Englewood, OH 45315. The site consists of roughly 1,682 rentable square feet of building space on an estimated 0.78-acre parcel of land. This Take 5 Oil Change will be subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $1000,000 and have scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,682 SF
Building Class
B
Year Built
2023
Price
£1,325,487
Price Per SF
£788
Net Initial Yield
6%
NOI
£79,529
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
0.78 AC
Zoning
Comm - Commercial
Parking
10 Spaces (5.95 Spaces per 1,000 SF Leased)
Frontage
255 ft on North Union Road
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | M57-00719-0003 | Improvements Assessment | £47,964 |
Land Assessment | £89,550 | Total Assessment | £137,514 |
PROPERTY TAXES
Parcel Number
M57-00719-0003
Land Assessment
£89,550
Improvements Assessment
£47,964
Total Assessment
£137,514
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Take 5 Oil Change | 825 Union Rd
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