600 Irick Road, Burlington Township, NJ 08016 For Sale

NEW CONSTRUCTION: The new construction building is set to be completed in 2026; Take 5 Oil Change will operate under a 15-year Absolute NNN Ground Lease with four (4), 5-year renewal options.

ATTRACTIVE RENT INCREASES: The Take 5 Oil Change lease calls for attractive 10% rent increases every five years throughout the primary lease term and renewal options, providing the investor with an attractive increase in revenue and hedge against inflation.

ZERO MANAGEMENT RESPONSIBILITIES: Take 5 Oil Change has an Absolute NNN Ground Lease; Take 5 is responsible for all operating expenses, repairs, maintenance, and replacements to the entire property (building and grounds).

DYNAMIC TENANT: With more than 1,000 service centers throughout North America, Take 5 Oil Change Inc. and the Company’s franchise partners continue their rapid expansion. Take 5 is one of 10 aftermarket automotive brands owned by Driven Brands. Driven Brands has more than 4,900 locations across 14 countries, and services over 70 million vehicles annually. Driven Brands' network generates approximately $2.3 billion in annual revenue from more than $6.2 billion in system- wide sales. The franchisee, Toxaway Automotive Group, is a multi-unit operator based in Atlanta, GA, and currently executing an expansion strategy into the Northeast.

PRIME RETAIL LOCATION: The Property is extremely well located within Burlington’s latest commercial development, The Gateway, at the intersection of Irick Road and Burlington-Mount Holly Road. The Property will feature outstanding frontage and visibility with multiple access points to The Gateway on Burlington-Mount Holly Road, the area’s primary commercial and commuter corridor. Positioned between Interstate 295 and the NJ Turnpike, the area is home to countless national retailers and restaurants, and several large industrial parks that drive traffic to the area. The immediate area has seen significant redevelopment with the construction of The Crossings and The Shops at the Crossings. The Property is also close to area schools, downtown Burlington, and the banks of the Delaware River.

AREA DRIVERS: Take 5 is less than a mile from The Crossings on Burlington- Mount Holly Road, a large industrial development that is anchored by an Amazon Distribution Center and will feature three industrial/warehouse buildings and will contain approximately 1.9 million square feet of space. Towne Crossing Shopping Center, a 400,000+ square foot center, is directly across the street from the Property and is anchored by Home Depot, Target, Kohl’s, and Dick’s Sporting Goods. The immediate area is also home to a Regal Cinema, Walmart Distribution Center and an under construction 500-unit apartment community.

RECESSION RESISTANT INVESTMENT: Auto service and repair, auto parts, and tire stores remain in high demand among Net Lease investors. The U.S. auto fleet is expected to grow by more than 10% over the next 3 years, resulting in approximately 300 million vehicles (with an average age of 11 years) on the road by 2027. More cars on the road, an aging fleet and more miles driven are all predictors for a healthy automotive parts and automotive repair industry.

RETAIL TRADE AREA: Notable tenants drawing consumers to the trade area include Target, Walmart Supercenter, Home Depot, ShopRite, Burlington, Kohl’s, Marshalls, HomeGoods, Dick’s Sporting Goods, Regal Cinema, AutoZone, Applebee’s, Cracker Barrel, TGI Friday’s, Chipotle, Chick-fil-A, Starbucks, McDonald’s, Wendy’s, Burger King, Raising Cane’s, I-HOP, Freddy’s, Dunkin’, and Wawa.

TRAFFIC COUNTS: Burlington-Mount Holly Road sees over 26,500 vehicles pass by the Property per day. An additional 101,500 vehicles pass the trade area daily along Interstate 295 and 86,900 vehicles pass the trade area daily along the NJ Turnpike.

DEMOGRAPHICS: Approximately 41,300 people live within 3 miles of the Property with an average household income of $131,281. More than 134,700 people live within 5 miles of the Property with an average household income of $128,571. Additionally, there are more than 47,200 employees within 5 miles of the Property.