Listed by SURMOUNT
$2,000,000
Take 5 Oil Change
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,683
Cap Rate 6.00%
NOI $120,000
Tenancy Single
Lease Type NNN
Year Built 2026
Acreage 0.410
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 5395 Abbe Road North, Sheffield, OH 44035. The site consists of roughly 1,683 rentable square feet of building space on an estimated 0.41-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 $120,000 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.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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