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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

Cap Rate
6.00%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$85,000.00

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.

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

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Service - Gas-Conv

Take 5 Oil Change | 15-Years Remain | Prominent High Traffic Location

Listing Price: $1,416,667

Cap Rate
6.00%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
1
Lease Type
NNN Ground Lease
Rent Per Square Feet
$85,000.00

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.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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