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31875004
31875137

6190 HOLLYWOOD BLVD, HOLLYWOOD, FL 33023

SS
FL FL SL636794
Marcus & Millichap
Listed by Marcus & Millichap
$2,500,000
45 days on market
Updated 33 days ago

Take 5-Brand New 15 Yr Corp. NNN-100% Bonus Depreciation

Details
APN 51-41-13-18-0010
Property Type Retail
Sub Type Auto Shop
Square Footage 1,257
Net Rentable (SqFt) 1,257
Units 1
Cap Rate 5.00%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Remaining Term 15
Rent Bumps Yes
Lease Options 4, 5 Year Options
Price per SqFt $1,989
Broker Co-Op True
Year Built 2026
Year Renovated 2026
Buildings 1
Stories 1
Lot Size (SqFt) 14,810
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition N/A

5.0% CAP | 100% Bonus Depreciation | Brand New-Expected to Open Early Summer 2026

Marketing description

Marcus & Millichap is pleased to present a net leased investment opportunity consisting of a rare, Fee Simple (Land and Building) Corporate-Guaranteed Take 5 Oil Change which qualifies for 100% Bonus Depreciation. It is located on Hollywood Blvd, one of South Florida’s primary east-west thoroughfares with excellent visibility and access. This brand-new Take 5 is subject to a 15-year triple net lease with four (4) five-year options to extend and 8% rent increases every 5 years, offering a passive, long-term income stream with built-in growth protection. Take 5 is in possession of the premises, about to start renovation/construction, and expected to open in early summer 2026. The subject property features Take 5 Oil Change’s modern drive-thru prototype, situated on a 0.34-acre (14,810 SF) parcel with a 1,257 SF facility. Designed for speed and convenience, the Take 5 model allows customers to remain in their vehicles for fast professional oil changes and maintenance services.

This new Take 5 Oil Change is located along Hollywood Blvd with a traffic count of 44,000+ VPD and benefits from immediate proximity to the Florida Turnpike (141,000+ VPD). This densely populated area has 179,000+ residents and solid average household income of $79,000 within 3-mile radius.

The property benefits from its strategic position in one of South Florida’s fastest-growing markets in Broward County. Hollywood continues to experience significant residential and commercial expansion, with over 220 residential units planned and being built out in a 1 MI radius of subject- driving increased traffic and long-term demand for essential quick-service automotive businesses.

Take 5 Oil Change, a leading brand under publicly traded Driven Brands Holdings Inc. (NASDAQ: DRVN), is one of the fastest-growing quick-lube concepts in North America with over 1,100 locations. Backed by a parent company generating approximately $2.3 billion in annual revenue (FY 2024) and a corporate guarantee, the brand offers strong institutional-grade investment security and a proven model focused on speed, convenience, and customer loyalty. This site represents a new development underscoring the company’s continued expansion in high-traffic South Florida markets.

Investment highlights

  • Corporate Guarantee: Credit Rated Parent Company– NASDAQ: DRVN–BBB Rating
  • Long Term Absolute NNN Lease (Land and Building): 15 Year Term-8% Rental Increases Every 5 Years-Hedge Against Inflation
  • Excellent Visibility & Access: Frontage on Hollywood Blvd & Stone’s Throw From FL Turnpike–Combined 185,000+ VPD
  • Densely Populated Area: 179,000+ People W/ AHHI of $79,000+ Within 3 MI Radius
  • No Competition Nearby: Closest Quick Lube Oil Change Facility 1+ Miles Away
  • Complete Gut Renovation: Take 5 is in The process of a Renovation and Re-Imaging Prior to This Summer’s Opening
  • Constant Area Growth: 200+ Residential Units Planned/Being Built Out Within 1 MI From Subject
  • Qualifies For 100% Bonus Depreciation: Contact Listing Agent For Estimate of Savings

Listing Contacts

SS
FL FL SL636794
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
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Annual Cash Flow
$125,000.00
$10,416.67/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
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Additional Information

Name
Scott Sandelin
License
FL SL636794
Brokerage Address
2916 N Miami Ave
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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