Description

This offering presents an excellent single-tenant investment opportunity featuring an absolute NNN ground lease with zero landlord responsibilities, secured by a strong franchise guaranty from Quick Lube of Carolina (QLOC). The property is a 2019 construction built to Take 5’s brand and technical specifications and includes 10% rent increases every five years, providing a built-in hedge against inflation. QLOC is an established operator with over 30 locations across seven states and has been recognized as Take 5’s “Franchisee of the Year” in both 2019 and 2021, with exclusive development rights in key growth markets. Strategically located in Memphis, Tennessee, along the high-traffic Germantown Parkway with over 58,800 vehicles per day, the site benefits from a dense infill population of 146,600 within five miles and an affluent surrounding area with average household incomes exceeding $109,400. Positioned in the heart of the Wolfchase trade area, the property is surrounded by major national retailers and supported by strong daytime traffic from over 123,800 employees within a five-mile radius, driving consistent demand. Additionally, transportation and maintenance spending ranks as the second-largest consumer expenditure locally, further reinforcing the asset’s long-term stability in an income tax-free state.