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10200 Sorrento Rd
Pensacola, FL 32507
Take 5 Oil Change Ground Lease · Retail Property For Sale
Investment Highlights
- New 20-year absolute NNN ground lease to Take 5 Oil Change, a rapidly growing automotive services provider in the U.S.
- Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
- The brand climbed to #27 on Entrepreneur’s list of fastest-growing franchises, reflecting its rapid expansion and strong market presence
- Rare 3% annual rental increases in initial term and option periods, ensuring consistent income growth.
- Take 5 Oil Change added over 100 new franchise locations in 2024, nearly doubling its franchise footprint in just two years.
- Take 5 Oil Change reported a 9.2% increase in same-store sales for Q4 2024, marking 18 consecutive quarters of positive growth
Executive Summary
This premier Take 5 Oil Change site offers exceptional visibility and accessibility at the signalized intersection of Sorrento Road and South Blue Angel Parkway, a high-traffic corridor with more than 42,000 vehicles per day. The property benefits from a strong and rapidly expanding tenant, as Take 5 Oil Change nearly doubled its franchise footprint in just two years by adding over 100 new locations in 2024. The surrounding demographics are highly favorable, with a five-mile population of nearly 44,000 and an average household income of $122,798 within three miles. Positioned only five miles from the National Naval Aviation Museum—one of the Gulf Coast’s top attractions drawing approximately 750,000 visitors annually—the location enjoys steady consumer activity and tourism traffic. The absolute NNN ground lease offers zero landlord management responsibilities, with the tenant fully responsible for maintenance, roof, structure, and parking areas. Coupled with projected income growth across the immediate trade area, this property presents a stable investment opportunity within a growing Pensacola market.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,708 SF
Building Class
B
Year Built
2025
Price
$2,897,559 CAD
Price Per SF
$1,696.46 CAD
Cap Rate
5%
NOI
$144,878 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.96 AC
Zoning
COM,LDR
Parking
5 Spaces (2.93 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 05-3S-31-1500-001-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $551,061 CAD | Total Assessment | $551,061 CAD |
Property Taxes
Parcel Number
05-3S-31-1500-001-001
Land Assessment
$551,061 CAD
Improvements Assessment
$0 CAD
Total Assessment
$551,061 CAD
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