December 10, 2021 – Michael Talbert of Horvath & Tremblay has successfully completed the sale of Take 5 Oil Change in Venice, Florida. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,657,000.
The Take 5 Oil Change is located at 1740 S Tamiami Trail in Venice, Florida. The stand-alone building consists of 1,574 square feet and sits on 0.235 acres of land. Take 5 Oil Change has 10+ years remaining on an Absolute NNN Lease with four (4), 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 S Tamiami Trail (US Route 41), which sees more than 47,900 vehicles per day. Tamiami Trail is the area’s primary commercial and commuter corridor and runs through densely populated residential neighborhoods. Take 5 is located across the street from a Lowe’s and is surrounded by national retailers, including an Aldi anchored shopping center. Additionally, the Property is within 3-miles of three major Publix Anchored shopping centers and several area schools and medical complexes. 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.