Auto Service - Gas-Conv
Take 5 Oil Change - New 20 Year Sale-Leaseback
9816 Gravelly Lake Dr SW, Lakewood, WA 98499
Listing Price: $2,434,782
Cap Rate
5.75%
Tenant Name
Take 5 Oil Change
Guarantor
Franchisee Guarantee
Rentable SF
1,700
Lease Type
Absolute Net
Rent Per Square Feet
$82.35
Investment Overview
9816 Gravelly Lake Drive, Tacoma, WA
Take 5 Oil Change - New 20 Year Sale-Leaseback
Investment Highlights
- Brand New 20 Year Absolute-Net Lease: At the Close of Escrow, Take 5 Oil Change will Sign a Brand New Lease with 10% Increases Every 5 Years—No Landlord Responsibilities.
- Prime Location Near Lakewood Towne Center: Directly Across from Lakewood Towne Center, Anchored by High-Traffic Tenants like Target and Safeway, Ensuring a Steady Flow of Customers Past the Take 5 Oil
- Excellent Visibility: Frontage Along Gravelly Lake Drive with Over 20,400 Vehicles Per Day Passing by, Offering Prime Exposure.
- Income Tax Free State: Washington Offers a Unique Advantage of Being a Income Tax-Free State, Allowing both Individuals and Businesses to Maximize Their Financial Potential.
- Eligible for Bonus Depreciation: Take 5 Oil Change Qualifies for Bonus Depreciation Under the Service Station Categorization, Providing a Powerful Tax-Saving Opportunity.
- Proximity to Fort Lewis Military Base: Located Less than 2.5 Miles from the Entrance of Fort Lewis Military Base, Which has a Population of Over 270,000, Including Active Military Personnel, their Families, Local Retirees, and Reserve Forces.
- Nearby Educational Institutions: Less than 1 Mile from Clover Park High School (1,347 students) and 4 Miles Southeast of Pacific Lutheran University (2,600+ Students), Strengthening the Area's Strong Demographics and Potential Customer Base.
Exclusively Listed By
Broker of Record
Financing By
Auto Service - Gas-Conv
Take 5 Oil Change - New 20 Year Sale-Leaseback
Listing Price: $2,434,782
Cap Rate
5.75%
Tenant Name
Take 5 Oil Change
Guarantor
Franchisee Guarantee
Rentable SF
1,700
Lease Type
Absolute Net
Rent Per Square Feet
$82.35
Investment Highlights
- Brand New 20 Year Absolute-Net Lease: At the Close of Escrow, Take 5 Oil Change will Sign a Brand New Lease with 10% Increases Every 5 Years—No Landlord Responsibilities.
- Prime Location Near Lakewood Towne Center: Directly Across from Lakewood Towne Center, Anchored by High-Traffic Tenants like Target and Safeway, Ensuring a Steady Flow of Customers Past the Take 5 Oil
- Excellent Visibility: Frontage Along Gravelly Lake Drive with Over 20,400 Vehicles Per Day Passing by, Offering Prime Exposure.
- Income Tax Free State: Washington Offers a Unique Advantage of Being a Income Tax-Free State, Allowing both Individuals and Businesses to Maximize Their Financial Potential.
- Eligible for Bonus Depreciation: Take 5 Oil Change Qualifies for Bonus Depreciation Under the Service Station Categorization, Providing a Powerful Tax-Saving Opportunity.
- Proximity to Fort Lewis Military Base: Located Less than 2.5 Miles from the Entrance of Fort Lewis Military Base, Which has a Population of Over 270,000, Including Active Military Personnel, their Families, Local Retirees, and Reserve Forces.
- Nearby Educational Institutions: Less than 1 Mile from Clover Park High School (1,347 students) and 4 Miles Southeast of Pacific Lutheran University (2,600+ Students), Strengthening the Area's Strong Demographics and Potential Customer Base.
Investment Overview
9816 Gravelly Lake Drive, Tacoma, WA
Exclusively Listed By
Broker of Record
Financing By
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