Listed by SURMOUNT
$1,564,428
Take 5 Oil Change
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,804
Cap Rate 6%
NOI $93,866
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Term 20
Remaining Term 20
Lease Options 4, 5 Year Options
Year Built 2026
Acreage 0.610
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 4639 Dixie Highway, Fairfield, OH 45014. The site consists of roughly 1,804 rentable square feet of building space on an estimated .61-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 $93,866 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.
- Strong Regional Population Base | The subject property benefits from a robust and expanding population base, with over 161,000 residents within a 5-mile radius. The area is expected to experience continued population growth through 2029, reinforcing long-term demand drivers. This dense and growing consumer base supports consistent foot traffic, enhances tenant viability, and provides a stable foundation for sustained occupancy and rental performance.
- Affluent Household Demographics | The property is located within a highly affluent trade area, with average household incomes exceeding $83,200 within a five-mile radius. This strong demographic profile provides the tenant with a reliable customer base supported by significant spending power and sustained demand for automotive services.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,866.00
$7,822.17/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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