Take 5 Auto Shop with Ground
For Sale
Contact for pricing
1846 S Lake Dr, Lexington, SC 29073
Existing quick-service oil change facility positioned near major retail anchors and supported by a long-term absolute NNN lease.
Property SizeContact for details
Days on Market144
Property Features for 1846 S Lake Dr
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
26,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Atlanta
(678) 808-2762
Listed By:
Don McMinn · License #GA 292036
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 12:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
The property is an operating Take 5 quick-service oil change facility at 1846 S Lake Dr in Lexington, South Carolina. Its business model centers on in-vehicle service, with oil changes designed for approximately 10 minutes. The site is positioned on Hwy 6, carrying 26,000 VPD, and sits in front of a Walmart Supercenter and Lowe’s Home Improvement.
A new 15-year NNN ground lease commenced in April 2024. The lease is structured as absolute NNN, with the tenant responsible for taxes, insurance, CAM, roof, and structure. Contractual rent increases are 10% every 5 years during the initial term and each of the four, 5-Year options.
The surrounding area includes ALDI, Starbucks, Taco Bell, DaVita, PopShelf, Publix, Chick-fil-A, and Tractor Supply Co. White Knoll High School is directly behind the property, with 2,165 students and 1,407 employees. A 57 acre mixed use development is planned across the street, with Lowe’s Foods, Chipotle, and Panda Express identified among its future tenants.
A new 15-year NNN ground lease commenced in April 2024. The lease is structured as absolute NNN, with the tenant responsible for taxes, insurance, CAM, roof, and structure. Contractual rent increases are 10% every 5 years during the initial term and each of the four, 5-Year options.
The surrounding area includes ALDI, Starbucks, Taco Bell, DaVita, PopShelf, Publix, Chick-fil-A, and Tractor Supply Co. White Knoll High School is directly behind the property, with 2,165 students and 1,407 employees. A 57 acre mixed use development is planned across the street, with Lowe’s Foods, Chipotle, and Panda Express identified among its future tenants.
Key Highlights
- New 15‑year NNN ground lease commenced April 2024
- Absolute NNN structure places taxes, insurance, CAM, roof, and structure responsibilities with the tenant
- 10% rent increases every 5 years in the initial term and each of the four, 5‑Year options
Property Analytics
Current Use
Lease Details
26,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29073, SC
48,653
Population
20,239
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
81.8 sq mi
ZIP Area
595
Density / Sq Mi
$72,648
Median Household Income
$45,050
Median Earnings
$1,046
Median Rent
$198,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Existing quick-service oil change facility positioned near major retail anchors and supported by a long-term absolute NNN lease.
Where is this auto shop located?
The property is located at 1846 S Lake Dr Lexington, SC.
What are key features of this property?
This property features: New 15‑year NNN ground lease commenced April 2024; Absolute NNN structure places taxes, insurance, CAM, roof, and structure responsibilities with the tenant; 10% rent increases every 5 years in the initial term and each of the four, 5‑Year options
