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Take 5 Oil Change 9341 N 129th East Ave

1,418 SF Retail Building Owasso, OK 74055 £1,314,516 (£927/SF) 6.25% Net Initial Yield

Investment Highlights

  • At closing the tenant will execute a brand-new 20-year absolute triple-net lease. The lease will have no landlord responsibilities.
  • Driven Funding Holdco, LLC (~3,500 Units)
  • The lease will feature 1.5% annual rental increases and four (4), five (5) year renewal options.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 9341 N 129th E Ave, Owasso, OK 74055. The site consists of roughly 1,418 rentable square feet of building space on an estimated 1.66- 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 $105,000 and has scheduled increases of 1.50% Annually.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,418 SF
Building Class
C
Year Built
2024
Price
£1,314,516
Price Per SF
£927
Net Initial Yield
6.25%
NOI
£82,157
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Lot Size
1.66 AC

Nearby Major Retailers

Burn Boot Camp
Cracker Barrel Old Country Store
Wings To Go
Logan's Roadhouse
Sprouts Farmers Market
Olive Garden Italian Rstrnt
Prosperity Bank
Chili's Grill & Bar
Texas Roadhouse
Black Bear Diner
  • Listing ID: 32503129

  • Date on Market: 18/07/2024

  • Last Updated:

  • Address: 9341 N 129th East Ave, Owasso, OK 74055

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