

Take 5 Oil Change
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.
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