NEW CONSTRUCTION TAKE 5 OIL CHANGE • New 2020 Construction Take 5 Oil Change located in Sumter, SC. • This store is 1,250 SF and sits on 0.54 acres and is a drive thru location.
LOCATED ON MAIN RETAIL CORRIDOR • This Take 5 sits on the main retail corridor near the intersection of Broad St (28,500 VPD), Camden Hwy (19,900 VPD) and Robert E Graham Hwy (15,800 VPD). • US 378 is a major throughfare from Columbia to Myrtle Beach and is only 0.2 Miles from the property. • The subject property is positioned at the signalized intersection of Broad St and Market St which is across the street from a Big Lots and Staples Anchored Power Center. • There is 3.3M SF of retail in a 1-mile radius with national retailers including Walmart, Lowes, Sumter Mall, Hobby Lobby, Chick-Fila-A, Harbor Freight Tools, ALDI and more. • There are 60,416 people in a 5-mile radius with 4.25% growth.
SUMTER • Sumter is about 40 miles East of Columbia, SC off US 378 (27,000 VPD). Columbia is the capital and the second largest city in SC with a population of over 131,700. • Sumter is home to Shaw U.S. Air Force Base with over 16,000 Military Personnel and family members. The Take 5 is only 7 miles from Shaw Air Force Base. • Prisma Health Toomey Hospital (283 beds) is in Sumter is and just 3 miles from the site. • The subject property is located 2 miles from the University of South Carolina-Sumter & Central Carolina Technical College with a combined 6,000 students. • Sumter is the County Seat of Sumter County.
LONG TERM GROUND LEASE WITH INCREASES • The subject property has a new 15-year NNN ground lease. • This is an absolute NNN ground lease and the tenant is 100% responsible for all taxes, insurance, CAM, roof and structure. • There are attractive 10% rent increases every 5 years in the initial term and in each of the four, 5-Year options.
TAKE 5 OIL CHANGE • Take 5 was founded in Metairie, LA in 1984 and pioneered the drive through oil change with enhanced customer service model. • They currently have approximately 550 locations open with hundreds under development. • Their drive thru business model allows them to continue business operations through any COVID-19 related interruptions or restrictions. • Take 5 has actually seen an increase in sales during Covid as their business model lends itself to less contact.
RAPIDLY EXPANDING OPERATOR • Take 5 Carolinas, LLC was founded in 2017 and is based in Charlotte, NC. • They were the first Take 5 franchisee and are currently one of the largest in the 40 franchisee system. • They are consistently one of the top operators in the system and their operations are led by one of the most experienced, highly regarded operations managers who was formerly at Corporate Take 5. • Take 5 Carolinas operates seven locations across the Carolinas with 4-6 additional locations scheduled to open by end of 2021. • This operator plans to grow to 20 locations by the end of 2023