Auto Service - Gas-Conv
Take 5 Oil Change
17780 Bagley Rd, Cleveland, OH 44130
Listing Price: $1,455,000
Investment Overview
Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA). Prime Highway-Exit Site – Just 0.1-Mile from I-71 Exit Ramps; I-71 Sees 105,400 VPD. Irreplaceable Location at Hard Corner with a Combined 36,310 VPD. Bagley Road Corridor – Infill Highway-Exit Commercial Corridor with Numerous QSR Restaurants, Medical Facilities, 12 Hotels, and Other Daily Needs Retail Including Grocery.
Take 5 Oil Change
Investment Highlights
- Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA)
- Fee Simple (Land & Building) Ownership; Potential for Bonus Depreciation
- Longstanding Tenant with New 15-Year Lease Commenced in December 2021
- 1.5% Annual Rent Increases During Initial Term & All Options; Adds Over 100 bps to CAP Rate by Current 2036 Lease Expiration
- Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
- Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
- Lessee Entity is a Wholly-Owned Subsidiary of Driven Brands Holdings, Inc. (Nasdaq: DRVN) with $2.7 Billion Market Cap
- Driven Brands – In Business Since the 1970's with Over 5,000 Owned & Franchised Auto Service Locations in 13 Countries
Listing Price: $1,455,000
Investment Highlights
- Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA)
- Fee Simple (Land & Building) Ownership; Potential for Bonus Depreciation
- Longstanding Tenant with New 15-Year Lease Commenced in December 2021
- 1.5% Annual Rent Increases During Initial Term & All Options; Adds Over 100 bps to CAP Rate by Current 2036 Lease Expiration
- Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
- Completely Passive Ownership with Zero Landlord Management or Expense Responsibilities
- Lessee Entity is a Wholly-Owned Subsidiary of Driven Brands Holdings, Inc. (Nasdaq: DRVN) with $2.7 Billion Market Cap
- Driven Brands – In Business Since the 1970's with Over 5,000 Owned & Franchised Auto Service Locations in 13 Countries
Investment Overview
Take 5 Oil Change Absolute NNN Lease with 12 Years Remaining in Middleburg Heights, OH (Cleveland MSA). Prime Highway-Exit Site – Just 0.1-Mile from I-71 Exit Ramps; I-71 Sees 105,400 VPD. Irreplaceable Location at Hard Corner with a Combined 36,310 VPD. Bagley Road Corridor – Infill Highway-Exit Commercial Corridor with Numerous QSR Restaurants, Medical Facilities, 12 Hotels, and Other Daily Needs Retail Including Grocery.
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