The Boerke Company is pleased to present for sale this portfolio of Take 5 Oil Change properties and also includes one fully leased car wash by Take 5.
Available as a portfolio or as individual assets all five locations recently executed fifteen year (15) absolute net leases that terminate on February 6th, 2034 and feature zero landlord responsibility.
Take 5 Oil Change is a leading fast lube chain in the southeastern United States and is exhibiting incredible growth. Focused exclusively on oil changes and ancillary services, Take 5 has grown to 350 plus stores since 2004 and is becoming an industry leader in the space.
The lease for all five locations 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.
7520 Woodward Ave
2920 52nd St
- Absolute Net Structure
- NO Landlord Responsibility
- Internet Resistant Tenant
- Driven Systems Guaranty
- 10% Rental Escalations Every 5 Years
- Located in Wisconsin and Illinois
- Remodels Scheduled for All Locations
Over Next 24 Months
Property Type : Investment
Listing Type : For Sale
Sq. Ft. : Call
Cap Rate : 6.00%