Listed by Matthews
$1,381,041
Take 5 | Bonus Depreciation Eligible | Abs NNN
Details
Property Type Retail
Sub Type Gas Station, Auto Shop
Square Footage 1,823
Cap Rate 5.75%
NOI $79,410
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/06/2034
Remaining Term 7.6
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, Franchisee
Lease Commencement 02/07/2019
Ground Lease No
Ownership Fee Simple
10% Bump in 2029 | Corporate Guaranty
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)
- ±7.50-years remaining on an absolute NNN lease with zero landlord responsibilities
- 10% rent increases in 2029 and in option periods
- 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
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
Map
Zoning
C-I CommercialSpecial CommercialCommercial Intensive
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