NEW TAKE 5 OIL CHANGE GROUND LEASE

3620 Monroe Highway Pineville, LA 71360

Pineville
FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$1,250,000
Cap Rate:
6.00%
Last Verified:
Jan 26, 2024

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The subject property is the ownership of the land under a new, single tenant Take 5 Oil Change located in Pineville, Louisiana. Pineville is a located across the Red River from Alexandria, the state’s ninth largest city. Our lease is corporately guaranteed by Driven Systems, LLC who is the parent company of Take 5 Oil and a number of other related businesses. The tenant has constructed all improvements at their expense and retains ownership during their tenancy. At the expiration of the lease, or in the event of a default, all improvements will revert to the landowner at no cost. Take 5 Oil Change is located between Walmart Supercenter, Walgreens Drugstore and Lowe’s Home Improvement. Additional nearby traffic generators include AutoZone, Burger King, Circle K, Daiquiris To Go, Evangeline Bank, Fast Pace Urgent Care, Firestone Tires, Jiffy Lube, Goodwill, McDonald’s, Murphy USA, Outlaw’s BBQ, PetSense, Pizza Hut, Popeye’s, Region’s Bank, Smoothie King, Sonic Drive In, Taco Bell and Whataburger. Louisiana Christian University, Camp Beauregard and a Proctor and Gamble industrial facility are also close by. Take 5 operates more than 850 locations in the United States and Canada offering customers oil change and service for auto fluids, air filters and wiper blades. This is an opportunity to own a management free investment property with a fifteen year, absolute net lease guaranteed by one of the largest automotive service brands.

Map of 3620 Monroe Highway, Pineville, LA, 71360

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.