Take 5 Oil Change: Derby, KS

New construction | New 12-year Absolute NNN lease
The subject property is a freestanding, fee simple, single tenant Take 5 Oil Change. The building is under construction with targeted completion in Q1 2023. The property will operate under a 12-year absolute NNN lease, with no landlord management or maintenance responsibilities whatsoever, which shall commence upon the close of escrow.

2% annual rent increases
The new absolute NNN lease offers attractive 2% annual rent increases during the primary term. There are four, 5-year option periods with 8% rent increases every 5-years.

Direct street frontage | Synergistic retail location
The subject property is part of a heavily trafficked retail hub in Derby on N Rock Road. It is adjacent to a Mattress Firm, ALDI, NEXTCARE Urgent Care and Hardee’s. The area also boasts strong demographics with 20,903 VPD on N Rock Road and an Average HH Income of $104,921 within a 1-Mile Radius. The Rock Regional Hospital, an 89,466 square foot facility, is also less than a 1-Mile radius away from the immediate trade area.

Take 5 Oil Change is a division of Driven Brands(1)
Take 5 Oil Change brand is owned by Driven Brands (NAS: DRVN), which is based in Charlotte, NC and has a market cap of $4.4 Billion. In recent years, Take 5 Oil Change has exploded to 629 locations with plans to expand the company’s footprint to over 2,000 locations over the next 10 years. While trends were already very strong, COVID-19 strengthened the value of the “stay in your car” concept and Take 5 revolutionized the quick service oil change space and has resulted in revenues growing even faster.

(1) Guarantor, Lease Terms, Building Specifications, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process.

KS Broker of Record: Colby Haugness
License: 00241410