Take 5 (1.14-Acre Hard Corner Site)

Take 5 (1.14-Acre Hard Corner Site)

Rochester, MN

Rochester, MN

Take 5 (1.14-Acre Hard Corner Site)

Offered for sale is an absolute net lease Take 5 Oil Change located in Rochester, Minnesota. The property consists of a 1,716-square-foot freestanding building situated on 1.14 acres at a signalized hard corner site. The investment features 13.3 years of lease term remaining with 2 percent annual rent increases and is positioned across from a Walmart Supercenter and Sam's Club-anchored power center. The property is operated by Ironside Operations, a regional multi-unit franchisee. Jon Ruzicka; Broker of Record; 1601 Utica Avenue South, Suite 301, Minneapolis, MN 55416; (952) 852-9700; License: 40583288

Price $2,958,000
Cap Rate 7.50%
Building Size 1,716 sqft
Lot Size 1.14 acres
Year Built 2023
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease With 13.3 Years Remaining | 2 Percent Annual Rent Increases
  • 1.14-Acre Corner Site at a Signalized Intersection (Area Traffic Counts Exceed 70,000 VPD)
  • Top 71st Percentile Statewide by Annual Visits (Placer.ai) | Across From a Walmart Supercenter & Sam’s Club-Anchored Power Center
  • $119,625 Average Household Income Within 5 Miles, Projected to be $137,027 by 2030
  • 85,947 Residents & 126,771 Daytime Population (5-Mile Radius)
  • Located 90 Miles Southeast of Minneapolis–St. Paul, Rochester is Minnesota’s 3rd-Largest City and Still Growing
  • Take 5 is Backed by Driven Brands, North America’s Largest Automotive Services Platform
  • Operated by Ironside Operations, a Regional Multi-Unit Franchisee

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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