Listed by SURMOUNT
$1,776,688
Take 5 Oil Change
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,449
Cap Rate 5.75%
NOI $102,160
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type NNN
Lease Term 20
Remaining Term 20
Price per SqFt $1,226
Year Built 2026
Acreage 0.320
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Retail | 5.75% CAP | 1,449 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 8005 Texas 191, Odessa, TX 79765. The site consists of roughly 1,449 rentable square feet of building space on an estimated .32-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 $102,160 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.
- 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.
- High-Exposure Frontage Along TX-191 | Strategically positioned along TX-191 (JBS Parkway) with approximately 44,285 vehicles per day, the property benefits from exceptional visibility and consistent daily traffic. This prime frontage offers direct access and strong exposure to commuter flow, supporting sustained customer demand and long-term tenant performance.
- Income Tax-Free State | The property benefits from its location in Texas, an income tax–free state. Ownership of an asset in an income tax-free state can provide several benefits to landlords, providing greater inventive for investment. Discuss with a Certified Public Accountant for further details.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,160.00
$8,513.33/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
