Auto Service - Gas-Conv
Take 5 Oil Change | 15-Years Remain | Prominent High Traffic Location
8213 Timberlake Rd, Lynchburg, VA 24502
Listing Price: $1,416,667
Investment Overview
The lease is guaranteed by Quick Lube of Carolina, the largest Take 5 Franchisee in the Driven Brands System. Driven Brands is a portfolio company of Roark Capital and the nation’s leading automotive franchiser with over 4,400 locations of Maaco, Meineke, CARSTAR, Take 5, Driven Brands Car Wash and 1-800-Radiator & A/C. Quick Lube of Carolina owns and operates 16 stores between North Carolina and Virginia, with the total store count expected to grow to around 40 units by 2024. Its territory includes Raleigh-Durham, Greensboro, Winston Salem Triad-Burlington, High Point, Southwest Virginia to Richmond, with new territory in Pennsylvania and New Jersey.
Auto Service - Gas-Conv
Take 5 Oil Change | 15-Years Remain | Prominent High Traffic Location
Listing Price: $1,416,667
Investment Highlights
- New 15-Year Ground Lease with Eight Percent Increases Every Five Years
- Guaranteed by Take 5's Largest Franchisee
- Expanding Auto Service Concept with Planned Growth to 40 Units
Investment Overview
The lease is guaranteed by Quick Lube of Carolina, the largest Take 5 Franchisee in the Driven Brands System. Driven Brands is a portfolio company of Roark Capital and the nation’s leading automotive franchiser with over 4,400 locations of Maaco, Meineke, CARSTAR, Take 5, Driven Brands Car Wash and 1-800-Radiator & A/C. Quick Lube of Carolina owns and operates 16 stores between North Carolina and Virginia, with the total store count expected to grow to around 40 units by 2024. Its territory includes Raleigh-Durham, Greensboro, Winston Salem Triad-Burlington, High Point, Southwest Virginia to Richmond, with new territory in Pennsylvania and New Jersey.
