Take 5 Oil Change: Wichita, 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 Q4 2022. 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 IN PRIMARY TERM & OPTIONS
The long-term lease offers 2% annual rent increases during the primary term and each of the 4, 5-year option periods.

DIRECT STREET FRONTAGE | SYNERGISTIC RETAIL LOCATION
The subject property has excellent visibility and access along North Maize Road with average daily traffic counts of 8,760 VPD. The property is strategically located on an outparcel to a Menard’s and adjacent to a newly developed Club Car Wash and newer Sonic Drive-in restaurant. National retailers in the immedate trade area include Lowe’s, Target, O’Reilly Auto Parts, AutoZone, Dollar Tree, Subway, IHOP, Hobby Lobby, Academy Sports, Sam’s Club, Dutch Bros, and many more.

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, Take 5 revolutionized the quick service oil change space and has resulted in revenues growing even faster.

(1) Lease Guarantor is a Franchisee of Take 5 Oil Change. The 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