Investment Highlights
- New, 15-Year, Triple Net (NNN) Lease With Full Term Remaining and 10% Rent Increases Every 5 Years in Base Term and Option Periods
- Brand New Location, Now Open!
- Directly Across the Street from a Brand New, 252-Unit Apartment Complex – Under Construction and Opening Soon
- Lease Guaranteed by Purple Square Management Company Which Currently Operates Over 245 Franchise Locations Throughout 15 States and Growing – the Company is Targeting to Have More Than 280 Locations by the End of 2023
- Part of a New Development to Include Take 5, Longhorn Steakhouse, McDonald’s, Radiant Express Car Wash (now open), and an Approximately 89,000 Square-Foot, Extra Space Storage Facility
- Access and Visibility to Nearly 40,000 Vehicles Daily at the Intersection of Gall Boulevard/U.S. Highway 301 and Pretty Pond Road – U.S. Highway 301 Connects the Area South to Tampa
- Surrounding National Retailers Include Lowes, Walmart Supercenter, Publix Supermarket, Tractor Supply Company, Planet Fitness, Anytime Fitness, Ross, T.J. Maxx, Harbor Freight Tools, Hobby Lobby, Beall’s Outlet, Pet Supermarket, Mattress Firm, Save-a-Lot, Verizon, Wells Fargo, Longhorn Steakhouse, Ruby Tuesday, Chili’s Grill & Bar, Panera Bread, McDonald’s, Golden Corral, Chipotle, Chick-fil-A, Dunkin Donuts, Starbucks, O’Reilly Auto Parts, Napa Auto Parts, Speedway, 7-Eleven, CVS, Walgreens and
- 30 Miles from Downtown Tampa – Part of the Tampa-St. Petersburg Metro Area With 3.2 Million Residents
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Take 5 Oil Change in Zephyrhills, Florida – part of the greater Tampa Bay region. This Take 5 Oil Change has a new, 15-year, triple net (NNN) lease with the full term remaining and offers four, five-year tenant renewal options. There are 10 percent rent increases every five years throughout the base term and option periods. This is a brand-new location, now open.
This location will be operated by Purple Square Management Company, LLC, an experienced franchisee with over 245 franchise locations throughout 15 states across multiple brands. The Company is targeting to have more than 280 locations by the end of 2023. Take 5 Oil Change was awarded #1 in customer satisfaction for aftermarket quick oil changes 2 years in a row by J.D. Power.
This Take 5 is located near the Intersection of Gall Boulevard/U.S. Highway 301 and Pretty Pond Road, with nearly 40,000 vehicles daily, with U.S. Highway 301 connecting the area south to Tampa. The Subject Property is part of a new development currently under construction. Tenants in the development will include Take 5 Oil Change, Longhorn Steakhouse, McDonald’s, Radiant Express Car Wash (now open), and an approximately 89,000 square-foot, Extra Space Storage facility. In addition, directly across the street from the Subject Property is a brand new 252-unit apartment complex, under construction now and opening soon.
Other surrounding national retailers include Lowes, Walmart Supercenter, Publix Supermarket, Tractor Supply Company, Planet Fitness, Anytime Fitness, Ross, T.J. Maxx, Harbor Freight Tools, Hobby Lobby, Beall’s Outlet, Pet Supermarket, Mattress Firm, Save-a-Lot, Verizon, Wells Fargo, Longhorn Steakhouse, Ruby Tuesday, Chili’s Grill & Bar, Panera Bread, McDonald’s, Golden Corral, Chipotle, Chick-fil-A, Dunkin Donuts, Starbucks, O’Reilly Auto Parts, Napa Auto Parts, Speedway, 7-Eleven, CVS, Walgreens and many more.
Zephyrhills, Florida is part of the Tampa-St. Petersburg metropolitan area with nearly 3.2 million residents. Zephyrhills is located in Pasco County which is one of the fastest growing areas in Tampa Bay, with Zephyrhills being the largest city in the county. Over the past decade, the population of Zephyrhills has skyrocketed and is now one of Florida’s most popular destinations for new arrivals. With close proximity to Tampa, Lakeland and Clearwater, tourism plays a significant role in the economy with local attractions including Busch Gardens Tampa, Adventure Island, the Lowry Park Zoo, Seminole Hard Rock Hotel & Casino Tampa, Florida Aquarium, and Clearwater Marine Aquarium. Tampa is estimated to have more than 24.5 million visitors annually.
