October 1, 2020 – Matt Nadler and Dan Bernardini of Horvath & Tremblay has successfully completed the sale of Take 5 Oil Change in Stuart, Florida. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,420,000.
The Take 5 Oil Change is located at 200 Southwest Federal Highway in Stuart, FL. The stand-alone building consists of 1,574 square feet and sits on 0.235 acres of land. Take 5 Oil Change has 14+ years remaining on an Absolute NNN Lease with four 5-Year Options. The lease features 10% rent increases every five years throughout both the current term and the option periods. Take 5 Oil Change is strategically positioned along 200 Southwest Federal Highway (US Route 1), which sees more than 57,500 vehicles per day. The property is within 4-miles of six major shopping centers with a total of more than 269 stores and 2.12 million square feet. Additionally, the property is one mile from the Cleveland Clinic Martin Health System with 521 beds and 4,000 employees. The property has outstanding visibility, convenient access, and benefits from strong area demographics.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.