Take 5 Oil Change
Retail | 5.75% CAP | 1,682 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1187 US-331, Defuniak Springs, FL. The site consists of roughly 1,682 rentable square feet of building space on an estimated 0.62-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which commenced on 11/4/2025. The current annual rent is $129,729 and there are scheduled increases of 1.50% annually starting in 2031.
Investment highlights
Excellent Corporate Guarantee from Driven Brands | The lease will be subject to a corporate guarantee from Driven Funding Holdco, LLC. Driven Funding Holdco, LLC is comprised of over 3,500 franchisee and corporate operated Take 5 Oil Changes as well as the royalty revenue streams of Driven Brands' other franchisees such as Meineke, Maaco, CARSTAR, Merlin, Econo Lube, and others.
Strong Industry Growth | The U.S. oil change service market size is valued at approximately $12 billion and is expected to grow at a CAGR of 5.5% from 2024 to 2030. This growth is driven by an ever-increasing number of cars on the road, a rising demand for oil change services to enhance vehicle performance, and government mandates for timely repair and maintenance of vehicles.
Recession-Resistance Service | Quick oil change businesses provide essential, routine vehicle maintenance that consumers prioritize regardless of economic conditions. This makes them highly resilient during downturns, ensuring steady demand and stable cash flow for investors.
Growing Vehicle Base & Longer Ownership | The average age of vehicles on the U.S. roads has reached an all-time high of over 12.5 years, as consumers hold their cars longer due to rising vehicle prices and financing costs. This trend, combined with increasing used-car ownership, is fueling sustained demand for routine maintenance services like oil changes, making Take 5 businesses well-positioned for long-term stability and growth.
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