Listed by SURMOUNT
$1,380,966
Take 5 Oil Change
Details
Property Type Retail
Sub Type Automotive - oil services
Square Footage 1,428
Cap Rate 6.00%
NOI $82,858
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2026
Acreage 0.300
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 806 West Market Street, Tiffin, OH 44883. The site consists of roughly 1,428 rentable square feet of building space on an estimated 0.3-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 $82,858 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 Traffic Counts & Visibility | Situated directly on W Market St with an Average Daily Traffic Count (ADTC) of 27,117 vehicles, the site benefits from consistent, high-frequency exposure along a major commercial corridor. This level of traffic supports strong drive-by visibility and convenience-oriented visits, which is ideal for a quick-service auto care use like Take 5 Oil Change.
- Adjacent to Westgate Village Shopping Center | The subject property sits directly outside the entrance to Westgate Village Shopping Center, a well-trafficked center anchored by Kroger, Hobby Lobby, and Harbor Freight. This adjacency positions Take 5 to capture incidental, high-frequency traffic from shoppers already in the area, converting routine grocery and retail trips into quick, convenient oil change visits.
- Dense, Complementary Retail Corridor | The property sits within the Westgate Village Shopping Center, surrounded by a robust mix of national credit tenants including Kroger, Hobby Lobby, Harbor Freight, Ollie's, PNC, and multiple quick-service restaurants. This dense trade area drives significant cross-shopping traffic and reinforces the location as an established, high-demand retail destination.
- 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.
- 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.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,858.00
$6,904.83/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
