Listed by SURMOUNT
$2,347,826
Take 5 Oil Change
Details
Property Type Retail
Sub Type Automotive - oil services
Square Footage 3,631
Cap Rate 5.75%
NOI $135,000
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 6, 5-Year Options
Year Built 2007
Acreage 0.600
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 408 Farm to Market 2410, Harker Heights, TX 76548. The site consists of roughly 3,631 rentable square feet of building space on an estimated 0.6-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 $135,000 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.
- Retail Corridor Anchored by Walmart Supercenter (National Top 20%, Per Placer.ai) | The property is located in a dense retail corridor with an array of national tenants nearby, including a strong-performing Walmart Supercenter, ranking in the top 20% nationally (Placer.ai). Other tenants in the area include Chick-fil-A, Walgreens, Taco Bell, Target, Sam’s Club, and Whataburger, increasing foot traffic in the region significantly.
- Strong Traffic Counts | The subject property benefits from exceptional traffic exposure, with 24,282 average daily traffic counts along E FM 2410 Rd, well above the threshold typically associated with strong drive-by service retail. Additionally, the site is located just off Highway 190, which sees an additional ~37,000 vehicles each day. This high-visibility corridor supports consistent customer retention and reinforces the long-term viability of the Take 5 Oil Change use.
- Growing Population Base & Income Tax-Free State | Texas has no state income tax, allowing investors to maximize after-tax returns on their net lease income. Additionally, the Harker Heights market continues to experience steady population and household growth, driven by strong employment fundamentals and ongoing demand for essential services.
- 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.
- 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
$135,000.00
$11,250.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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