Listed by SURMOUNT
$1,946,926
Take 5 Oil Change
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,804
Cap Rate 6%
NOI $116,816
Occupancy 100%
Tenancy Single
Lease Term 20
Remaining Term 20
Lease Options 4, 5- Year Options
Year Built 2026
Acreage 0.530
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 5925 South May Avenue, Oklahoma City, OK 73119. The site consists of roughly 1,804 rentable square feet of building space on an estimated .53-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 $116,816 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.
- Dense Surrounding Population | The subject property is situated within a highly populated trade area, with more than 176,000 residents living within a 5-mile radius. This strong population density creates a deep and reliable customer base, driving consistent demand for service-oriented retail. The concentration of nearby consumers enhances site visibility and positions the property for long-term stability and growth.
- Established Retail Trade Area | The subject property is located within a well-established retail corridor surrounded by a strong lineup of national tenants, including Chick-fil-A, Taco Bell, Best Buy, Marshalls, Michaels, Old Navy, and Olive Garden. This high-quality co-tenancy drives consistent consumer traffic to the area, enhances overall visibility, and reinforces the site’s position as a proven retail destination.
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
$116,816.00
$9,734.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
