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Take 5 Oil Change 2306 Browns Mill Rd 1,421 SF Retail Building Johnson City, TN 37604 $1,187,000 ($835.33/SF) 5.90% Cap Rate
EXECUTIVE SUMMARY
Zero Landlord Responsibilities: This asset is offered as a ground lease through a sale-leaseback structure commencing at closing. This
opportunity leaves the landlord with no maintenance, insurance, or tax obligations, offering a truly passive investment.
Strong Lease Terms: The 15 year initial lease term with an additional 20 years in option periods, along with the scheduled 10% rent increases
every five years, ensure long-term reliable income, cash flow stability, and a hedge against inflation over the hold period.
Attractive Low Price Point: Offered at just under $1.2 million, this investment opportunity presents a well-located asset with stable cash flows
and a proven, established tenant, at a relatively low price point.
Nationally Recognized, Rapidly Growing Tenant: Take 5 Oil Change, ranked #27 on Entrepreneur’s 2025 Fastest-Growing Franchises list,
operates over 1,100 locations across the U.S. and Canada. The brand continues to experience strong expansion, driven by increasing demand
for quick and reliable automotive services.
Experienced Franchisee: WSM Ventures, a 2024 Franchisee of the Year nominee and one of the Top 20 Take 5 Oil Change franchisees nationally,
currently operates 14 Take 5’s throughout the Southeast and has 5+ years of Take 5 operating experience.
Rapidly Growing Market: Johnson City, TN was named the #1 U.S. city people want to move to in 2025, according to moveBuddah, with supporting
recognition from Travel + Leisure and Southern Living. The area benefits from strong population growth and a favorable economic outlook.
Prime Retail Corridor Location: Located on N Roan St (±22,400 VPD), and with excellent interstate access situated ±0.25 miles from I-26
(±61,700 VPD), this property is ideally located within close proximity to strong retail presences, such as Target, Kroger, TJ Maxx, Chick-fil-A,
Starbucks, and the Mall at Johnson City.
opportunity leaves the landlord with no maintenance, insurance, or tax obligations, offering a truly passive investment.
Strong Lease Terms: The 15 year initial lease term with an additional 20 years in option periods, along with the scheduled 10% rent increases
every five years, ensure long-term reliable income, cash flow stability, and a hedge against inflation over the hold period.
Attractive Low Price Point: Offered at just under $1.2 million, this investment opportunity presents a well-located asset with stable cash flows
and a proven, established tenant, at a relatively low price point.
Nationally Recognized, Rapidly Growing Tenant: Take 5 Oil Change, ranked #27 on Entrepreneur’s 2025 Fastest-Growing Franchises list,
operates over 1,100 locations across the U.S. and Canada. The brand continues to experience strong expansion, driven by increasing demand
for quick and reliable automotive services.
Experienced Franchisee: WSM Ventures, a 2024 Franchisee of the Year nominee and one of the Top 20 Take 5 Oil Change franchisees nationally,
currently operates 14 Take 5’s throughout the Southeast and has 5+ years of Take 5 operating experience.
Rapidly Growing Market: Johnson City, TN was named the #1 U.S. city people want to move to in 2025, according to moveBuddah, with supporting
recognition from Travel + Leisure and Southern Living. The area benefits from strong population growth and a favorable economic outlook.
Prime Retail Corridor Location: Located on N Roan St (±22,400 VPD), and with excellent interstate access situated ±0.25 miles from I-26
(±61,700 VPD), this property is ideally located within close proximity to strong retail presences, such as Target, Kroger, TJ Maxx, Chick-fil-A,
Starbucks, and the Mall at Johnson City.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
1,421 SF
Year Built
2022
Price
$1,187,000
Price Per SF
$835.33
Cap Rate
5.90%
NOI
$70,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.47 AC
Zoning
B-4 - B-4 (Planned Arterial District) City of Johnson City
Parking
10 Spaces (7.04 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 038I-E-002.00 | Improvements Assessment | $261,240 |
| Land Assessment | $354,440 | Total Assessment | $615,680 |
PROPERTY TAXES
Parcel Number
038I-E-002.00
Land Assessment
$354,440
Improvements Assessment
$261,240
Total Assessment
$615,680
CONTACTS
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Take 5 Oil Change | 2306 Browns Mill Rd
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