1900 McCoy Rd Take 5 Oil Change

Offering Memorandum

Cushman & Wakefield | Boerke is pleased to present for sale Take 5 Oil Change located in Sun Prairie, Wisconsin (Madison MSA). This location executed a fifteen (15) year absolute net lease that terminates on February 6th, 2034 and features zero landlord responsibility. The lease for every location is corporately guaranteed by Driven Systems, LLC. Driven Brands was acquired by Roark Capital in 2015, an Atlanta based private equity firm with approximately $11 billion in equity capital raised since its inception.

• Absolute net structure
• NO landlord responsibility
• Internet resistant tenant
• Driven Systems, LLC ($540,000,000.00 NET WORTH) guaranty
• 10% rental escalations every five (5) years
• Located in Sun Prairie, WI (growing suburb northeast of Madison)
• Location has been rebranded with Take 5 corporate trade dress

Basic Details:

Tenant / Guarantor Take 5 / Driven Systems LLC

Business Type Oil change

Site Size 1.00 AC / 46,560 SF

Initial Lease Term Fifteen (15) years

Extension Options Three (3) – five (5) year options

Lease Commencement 2/7/2019

Lease Expiration 2/6/2034

Rent Increases 10% every five years

Lease Type Absolute triple net

Net Operating Income (NOI) $84,056.09*

Cap Rate 6.00%

Pricing $1,401,000* *NOI and Price are based on a rent increase taking place 2/7/2024. Seller will credit the Purchaser the difference in rent at closing.