For Sale
$1,600,000

825 Union BlvdClayton, OH 45315

High-yield NNN auto shop investment. 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: a 1,435 square foot Take 5 Oil Change in Clayton, Ohio (Montgomery County, zip code 45315), located at 825 Union Blvd. This property sits on a 0.65-acre lot and boasts a strong 6.25% cap rate, generating a net operating income (NOI) of $100,000 annually. The property is subject to a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Driven Brands Funding, LLC, ensuring consistent cash flow. The lease commenced in 2023 and includes four, five-year renewal options. Annual rent is $100,000, with a 1.50% annual increase starting in year two. The asking price is $1,600,000, translating to $1,114.98 per square foot. This is a single-tenant, 100% occupied retail property offering long-term stability and significant return on investment. The building was constructed in 2023. This is a sale-leaseback opportunity providing a secure and passive income stream. The property's prime location and strong tenant ensure a compelling investment proposition.

Highlights

  • 20-Year Absolute Triple Net (NNN) Sale-Leaseback with Corporate Guarantee.
  • Driven Brands Funding, LLC Corporate Guarantee.
  • 1.5% Annual Rent Increases Starting Year 2.
  • Four (4) Five (5)-Year Tenant Renewal Options.

Property Details for 825 Union Blvd

Property type
Retail properties, Auto shops
Square Feet
1,435 SF
Year Built
2023
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Clayton
County
Montgomery
State
Ohio
Latitude
39.8633665
Longitude
-84.3117812
825 Union Blvd, Clayton, Ohio

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825 Union Blvd
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