July 10, 2024 – Charles Moody of Horvath & Tremblay has successfully completed the sale of a new construction Take 5 Oil Change in Houston, Texas. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,015,384.
Take 5 Oil Change is located at 3250 Highway 6 S in Houston, Texas. Take 5 Oil Change consists of a 1,967 square foot building with three (3) automotive bays and an office/retail area. Take 5 Oil Change has been at this location since 2016 and has 2+ years remaining on their Absolute NNN Ground Lease with four (4), five-year renewal options. Their lease calls for attractive rent increases at the start of each renewal option. The property is positioned adjacent to the signalized intersection of Westpark Drive and Highway 6 S, the area’s primary commercial and commuter corridor. Take 5 Oil Change benefits from outstanding visibility, frontage and access and is part of a dominant trade area that is home to numerous national retailers and restaurants, the West Oaks Mall, and the Shell Technology Center, a 200-acre, 44 building campus with more than 1.2 million square feet of space that is home to more than 2,000 scientists. On average more than 56,300 vehicles pass the Property daily at the signalized intersection of Westpark Drive and S TX Highway 6. The Property is 0.5-miles from Westpark Tollway and is within minutes of several area schools, multiple nationally branded hotel/motels, and is surrounded by residential neighborhoods providing a built-in customer base. The Property is 18-miles from Houston’s Central Business District.
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.