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28940370
28940371

6401 N 76th St, Milwaukee, WI 53223

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty
$1,666,667
171 days on market
Updated 171 days ago

Take 5 Oil Change

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,421
Cap Rate 6%
NOI $100,000
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type NNN
Lease Term 20
Remaining Term 20
Price per SqFt $1,173
Year Built 2023
Acreage 0.520
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Retail | 6.00% CAP | 1,421 SqFt

Marketing description

Bang Realty is pleased to present the exclusive listing for a Take 5 Oil Change located at 6401 North 76th Street, Milwaukee, WI 53223. The site consists of roughly 1,421 rentable square feet of building space on an estimated 0.52-acre parcel of land. Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $100,000 and has scheduled increases of 1.50% Annually.

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.

  • Strong Surrounding Demographics | The subject property benefits from a dense consumer base, with 113,200 residents within a three-mile radius and over 256,000 residents within a five-mile radius, supporting consistent demand and long-term operational strength for the tenant.

  • High-Visibility Corner Location with Strong Traffic Counts | The subject property is prominently positioned at a strategic hard corner, benefitting from exceptional daily traffic exposure. North 76th Street sees over 30,400 vehicles per day, while West Mill Road adds more than 17,000 vehicles per day.

Listing Contacts

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty

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$100,000.00
$8,333.33/mo

Valuation Metrics

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6%
Cap Rate
6%
ROI

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