INVESTMENT OFFERING
SAB Capital is pleased to present Take 5 Oil Change in Spring Hill, FL, located 35 miles north of Tampa. The tenant currently has 13.5 years remaining in the base term of their absolute triple net (NNN) lease. The lease features 10% escalations at each option. The property boasts robust local population growth with an 11.5% increase in a 5-mile radius since 2010. The operator has 230 units and is growing.
- Take 5 in Spring Hill, FL | Tampa MSA Location
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- Rare Large Corner Parcel | 0.86 Acres at a Hard Corner
- Robust Local Population Growth | 11.5% Increase in 5 Mile Radius Since 2010
- Structured Hedge Against Inflation | 10% Increases Every 5 Years
- Dense Retail Trade Area | 957K Square Feet of Retail Within 1 Mile
- Qualifies For Bonus Depreciation | Consult Your Tax Advisor For Details
- Close Proximity to Interstate Highway | Located Adjacent to US-19
- High Concentration of Large Format Retail in Close Proximity | Retailers Include Aldi, Walmart Supercenter, Publix, and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Take 5 Oil Change | $2,527,000 | 5.50% | Absolute NNN | 1,686 | Available |
