Take 5
Retail | 6.75% CAP | 2,200 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Take 5 Oil Change located at 5410 W Belmont Avenue in Chicago, Illinois (the “Property”). This is a sale-leaseback of a free-standing single tenant Take 5 Oil Change consisting of a single-story 2,200 square foot building with three (3) automotive bays and an office/retail area on a 0.43-acre corner parcel. Take 5 Oil Change will sign a new 15-year Absolute NNN Lease, with three (3), 5-year renewal options upon the close of escrow. The lease calls for attractive 1.5% annual increases in rent throughout the base term and each of the renewal options.
The property is extremely well located at the signalized intersection of N Long Avenue and W Belmont Avenue, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility, frontage and access and is part of a dense trade area that is home to numerous retailers, restaurants, and businesses, all of which drive traffic to the area. Additionally, the Property is within minutes of several area schools and is surrounded by densely populated residential neighborhoods providing a built-in customer base.
Investment highlights
LEASE TERM: Take 5 Oil Change will sign a 15-year Absolute NNN Lease with three (3), 5-year renewal options upon close of escrow. The franchisee will provide a guaranty upon lease execution, contact the listing agent for more details.
ATTRACTIVE RENT INCREASES: The Take 5 Oil Change lease calls for attractive 1.5% annual rent increases throughout the primary lease term and renewal options, providing the investor with an attractive increase in revenue and hedge against inflation.
DYNAMIC TENANT: With more than 1,000 service centers throughout North America, Take 5 Oil Change Inc. and the Company’s franchise partners continue their rapid expansion. Take 5 is one of 10 aftermarket automotive brands owned by Driven Brands. Driven Brands has more than 4,900 locations across 14 countries, and services over 70 million vehicles annually. Driven Brands' network generates approximately $2.3 billion in annual revenue from more than $6.2 billion in system- wide sales. This location is franchised; the operator was the first franchisee in the state of Illinois and has six (6) locations.
ZERO MANAGEMENT RESPONSIBILITIES: Take 5 Oil Change has an Absolute NNN Lease and is responsible for real estate taxes, insurance, common area maintenance and all repairs and replacements of the premises making it an attractive investment for the passive real estate investor
POTENTIAL BONUS DEPRECIATION: The Property may qualify for 100% Bonus Depreciation – Consult with your CPA or Tax Professional.
PRIME RETAIL LOCATION: Take 5 Oil Change benefits from outstanding visibility, frontage and two points of access at the signalized intersection of N Long Avenue and W Belmont Avenue. The Property is surrounded by residential neighborhoods and is convenient to area schools providing a captive customer base. The Property is 0.2 miles from N Central Avenue, 0.5 miles from W Diversey Avenue, and 0.8 miles from Cicero Avenue, the areas primary commercial corridors. Take 5 is located along the CTA bus line with a stop in front of the Property.
RECESSION RESISTANT INVESTMENT: Auto service and repair, auto parts, and tire stores remain in high demand among Net Lease investors. The U.S. auto fleet is expected to grow by more than 10% over the next 3 years, resulting in approximately 300 million vehicles (with an average age of 11 years) on the road by 2027. More cars on the road, an aging fleet and more miles driven are all predictors for a healthy automotive parts and automotive repair industry.
TRAFFIC COUNTS: On average more than 17,300 vehicles pass the Property daily along W Belmont Avenue. Additionally, more than 17,400 vehicles pass near the Property along N Central Avenue.
DEMOGRAPHICS: Approximately 63,100 people live within 1 mile of the Property with an average household income of $102,060. More than 435,000 people live within 3 miles of the Property with an average household income of $112,954. Additionally, there are more than 82,100 employees within 3 miles of the Property.
RETAIL TRADE AREA: Notable tenants drawing consumers to the trade area include Tony’s Fresh Market, Cermak Fresh Market, Fresh Market Place, Aldi, Planet Fitness, Clubhouse Athletics, Fresenius, Walgreens, AutoZone, Mavis, Dollar Tree, Dollar General, Family Dollar, EZ Pawn, Chase Bank, PNC Bank, McDonald’s, KFC, Taco Bell, Popeyes, Wingstop, and Dunkin.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?












