Take 5 Oil Change Ground Lease

Leander
,
TX
Texas
Austin

Call for Details

$

2,000,000

Call for Details
5.25
%
CAP Rate
FILE PHOTO

Within New Southbrook Station Development

Includes Cava, Einstein Bros., Smoothie King, Shipley Donuts & More

Adjacent to Northline Development

116-Acre Master Planned, Mixed-Use Development

3.76% Annual Population Growth Rate

within 5 Miles

Property details
  1. Brand New 15-Year Absolute NNN Ground Lease to Take 5 Oil Change with Corporate Guaranty
    • Scheduled 10% Rental Escalations in Primary Term & Options
    • No Landlord Maintenance Responsibilities
  2. Take 5 is a Fast-Growing, Nationally Recognized Brand with Over 1,100 Locations Throughout the United States and Canada
    • Parent Company, Driven Brands, is the Largest Automotive Services Company in North America
  3. 2025 Construction with Three Drive Thru Lanes
  4. Strategic Location in Car-Dependent, High-Growth Suburb of Austin
    • 20% Projected 5-Year Population Increase within 5 Miles
    • Robust Commercial Development Activity including Northline, St. David's Hospital and Medical Complex, Leander Springs, Leander Tech Park, Pointe 183 & More
    • 11,000 Housing Units Recently Developed, Under Construction, or Planned
  5. Excellent Exposure Along US-183 (22,978 AADT) within New Southbrook Station Development
    • Co-Tenants include Cava, Firehouse Subs, Coldstone, Shipley Donuts, Einstein Bros. Bagels, Smoothie King, McAlister's Deli, Great Clips, CareNow Urgent Care & More
  6. Adjacent to Brand New Northline Development
    • 116-Acre Master Planned, Mixed-Use Development to Serve as Leander's New Downtown District
  7. Across from Austin Community College San Gabriel Campus
    • 2,200 Students
  8. One Mile from St. David's HealthCare Medical Complex
    • Expanding to Include $182M Full-Service Hospital
  9. ~26 Miles from Downtown Austin
  10. Austin-Round Rock MSA is One of the Fastest Growing Metros in the U.S.
    • Population of 2.5 Million
    • MSA GDP of $248 Billion
  11. No State Income Tax in Texas
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
1,708
SF
Lot Size
0.693
AC
View Offering Memorandum
View Offering Memorandum
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387