Property Details for 1535 Yale Ave

Year built

2023

Lot size

0.61 lot acres

Property type

Auto shops

Property subtype

Gas stations

Description

This exceptional investment opportunity presents a brand-new, 2023-constructed, 100% occupied Take 5 Oil Change located in Tulsa, Oklahoma. Situated on a 0.61-acre lot at 1535 S Yale Ave, 74112, this property benefits from a highly visible outparcel location adjacent to a Lowe's Home Improvement store. The property features a 15-year absolute NNN lease with Take 5 Oil Change, a subsidiary of Driven Brands, providing a corporate guarantee and minimizing landlord responsibilities. The lease commenced December 11, 2023, and includes 1.75% annual rent increases, ensuring consistent income growth. The current annual net operating income (NOI) is $122,100, yielding a 6.25% cap rate on the $1,953,600 asking price. The lease has five, five-year renewal options, extending the investment potential well into the future. This property enjoys exceptional visibility with 26,100 vehicles passing daily on S. Yale Avenue, and benefits from a strong demographic profile, boasting a population exceeding 220,000 within a five-mile radius. Nearby retail anchors include Target, Zaxby's, Reasor's, Starbucks, Burlington, and a Walmart Neighborhood Market, further enhancing the property's desirability and potential for long-term value appreciation. The property's fee simple ownership provides complete control and flexibility for the investor. This is a rare opportunity to acquire a high-performing, low-maintenance investment property backed by a financially strong, publicly traded national brand.

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Longitude

-95.9221086

Latitude

36.1400189