CrownPoint Partners Facilitates Acquisition of Take 5 Ground Lease in Panama City Beach, FL
CrownPoint Partners announced the sale of a Take 5 Oil Change ground lease in Panama City Beach, Florida, representing a West Coast buyer in a 1031 exchange. The 1,430 square foot property is secured by a 20-year absolute ground lease with a corporate guaranty from the tenant, which operates under the Driven Brands (NASDAQ: DRVN) platform.
Key figures
- Location sqft
- 1430
- Annual visitors
- 14000000
- Land area acres
- 1.33
- Renewal options
- 4
- Lease term years
- 20
- Take 5 locations
- 1000+
- Daily traffic count
- 50000
- Rent increase 5yr percent
- 10
- Bay county growth rank 2024
- 2
- Population growth 2020 2024 percent
- 10
AI analysis
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