Take 5 Oil Change Red Oak, TX

131 E Ovilla Rd
Red Oak, TX

Price: $1,048,000
Cap Rate: 5.25%
NOI: $55,000
Building Size: Approx. 1,421 Sq. Ft.
Lot Size: Approx. 0.86 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Parts
Year Built: 2024

Investment Overview

  • 2024 Construction. 1,421+/- SF Building on 0.86+/- Acre Site
  • New 15-Year Abs. NNN Corporate Ground Lease w/ 10% Rental Increases Every 5 Years, Plus (4) 5-Year Options to Renew
  • Located at a Signalized Intersection on a Main Retail Corridor on East Ovilla Road (20,000+ VPD), just off of Interstate 35 (83,838+ VPD)
  • 1 Mile from the $1+ Billion Google and Compass Datacenters, 1.5 Miles from Red Oak High School (2,160+ Students), & less than 2 miles from Texas State Technical College (10,200+ Students)
  • Strong Income Demos. – Avg. HH Incomes are $105,019, $112,861, and $123,084 w/in a 1-, 3-, & 5-Mile Radius
  • Take 5 has over 1,000 Locations & Over $3B in Revenue – Awarded the #1 Spot for Customer Satisfaction for Quick Oil Changes
  • Red Oak  | High Growth Suburb of Dallas |  Population: 20,400+

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