Listed by Matthews
$1,381,041
Take 5 | Live Oak, FL | Corporate Guaranty
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,823
Cap Rate 5.75%
NOI $79,410
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/06/2034
Remaining Term 7.8
Rent Bumps Yes
Lease Options Three, 5-Year Options
Class B
Year Renovated 2019
Acreage 0.430
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/07/2019
Ground Lease No
Ownership Fee Simple
10% Increase in 2029 | Abs NNN Lease
Marketing description
Take 5 is a leading quick-lube and vehicle maintenance brand in the U.S., renowned for its signature "drive-through, stay-in-your-car" oil change concept. The company emphasizes speed, convenience, and customer experience, differentiating itself in the automotive services sector through operational efficiency and a no-hassle service model. As part of a broader automotive services platform, Take 5 capitalizes on national support systems and brand alignment while retaining its own market identity.
Originally founded in 1984, Take 5 evolved from a regional fast-lube concept to a scaled franchising platform. Over time, the brand has grown its footprint through organic growth and franchise expansion.
Investment highlights
- 2019 retrofit of former Super Lube building
- The subject property qualifies for bonus depreciation (consult with your tax professional)
- ±7.75-years remaining on an absolute NNN lease with zero landlord responsibilities
- 10% rent increases every 5 years for the life of the lease (base term and options)
- Corporate guarantee from Driven Brands
- Traffic counts exceed ±18,000 vehicles daily
- Average household income of $64,384 annually (ideal for full-service oil change business)
- Take 5 is one of the nation's leading drive-thru oil change concepts with approximately 1,100 locations across the United States and Canada
- Take 5 is growing at an exponential rate and has recently begun franchising new locations
- Driven Brands owns Take 5 Oil along with Take 5 Car Wash, Meineke Car Care, Maaco, 1-800-Radiator, CARSTAR and more
- Driven Brands has more than 5,000 locations throughout 14 countries, and services more than 70 million vehicles annually
- Recurring Demand in a Defensive Sector - Take 5 operates in the automotive aftermarket services industry—a non-discretionary, recession-resilient sector supported by ongoing vehicle maintenance needs. Its core offering of quick, convenient oil changes ensures consistent customer traffic and repeat visitation.
- Franchise and Corporate Scale - With a growing network of over 1,500 locations nationwide, Take 5 benefits from both corporate-owned and franchised operations. This dual structure allows for rapid market penetration while maintaining brand control and operational efficiency.
- Strong Backing from Driven Brands - As a subsidiary of Driven Brands (NASDAQ: DRVN), Take 5 enjoys the operational expertise, centralized purchasing, and strategic capital of one of the largest automotive services companies in North America. This backing enhances credit quality, scalability, and national brand presence.
- Simplified Operations and Low CapEx - Take 5's "stay-in-your-car" model minimizes real estate footprint and operational complexity, making it ideal for net lease investment. The service format supports high throughput with minimal staffing and capital requirements.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,409.88
$6,617.49/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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