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Auto Parts

Take 5 Oil Change | 15 Year Absolute NNN Sale Leaseback

1114 N Main St, Lansing, KS 66043

Listing Price: $1,571,000

Cap Rate
7.00%
Tenant Name
Take 5
Years Remaining On Lease
15.2
Gross SF
1,415
Guarantor
Franchisee Guarantee
Rentable SF
1,415
Price/Gross SF
$1,110.25
Lease Type
Absolute Net
Rent Per Square Feet
$77.74

Investment Overview

15 Year Absolute NNN Sale Leaseback – Strong Store Level Profitability. Signalized hard corner location with great access and visibility from Highway 73 and Eisenhower Road with a Combined 37,000-plus vehicles per day. Surrounding retailers include Home Depot, Walmart, Dillons Grocery, ALDI, Tractor Supply, Harbor Freight, Starbucks, Citizens Bank, QuikTrip, Club Car Wash, O’Reilly Auto Parts, Buffalo Wild Wings, Jimmy John’s etc.. One Mile to University of Saint Mary | 1,267 students enrolled.

Investment Highlights

  • 15 Year Absolute NNN Sale Leaseback – Strong Store Level Profitability
  • Strong Store Level EBITDA – See Agent for Details
  • Signalized Hard Corner Location with Great Access and Visibility from Highway 73 and Eisenhower Road with a Combined 37,000-Plus Vehicles Per Day
  • Rapidly Growing Operator - Tenant Currently has Five Sites Open with an Additional Two Set to Open Summer 2025
  • Tenant has Exclusive Rights to Operate in the Kansas City Metro Area with an Agreement to Open at Least 16 Locations, and Plans to Open at Least 20-Plus
  • 10 Percent Rental Increases Every Five Years Throughout the Initial Term and Options
  • Take 5 Oil Change is the Fastest Growing Oil Change Concept in the U.S. with More than 1,000 Locations in 41 States and an Additional 950 Sites in the Pipeline
  • Take 5 is a Wholly-Owned Subsidiary of Driven Brands Holdings, Inc. (Nasdaq: DRVN) with $2.7 Billion Market Cap

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Auto Parts

Take 5 Oil Change | 15 Year Absolute NNN Sale Leaseback

Listing Price: $1,571,000

Cap Rate
7.00%
Tenant Name
Take 5
Years Remaining On Lease
15.2
Gross SF
1,415
Guarantor
Franchisee Guarantee
Rentable SF
1,415
Price/Gross SF
$1,110.25
Lease Type
Absolute Net
Rent Per Square Feet
$77.74

Investment Highlights

  • 15 Year Absolute NNN Sale Leaseback – Strong Store Level Profitability
  • Strong Store Level EBITDA – See Agent for Details
  • Signalized Hard Corner Location with Great Access and Visibility from Highway 73 and Eisenhower Road with a Combined 37,000-Plus Vehicles Per Day
  • Rapidly Growing Operator - Tenant Currently has Five Sites Open with an Additional Two Set to Open Summer 2025
  • Tenant has Exclusive Rights to Operate in the Kansas City Metro Area with an Agreement to Open at Least 16 Locations, and Plans to Open at Least 20-Plus
  • 10 Percent Rental Increases Every Five Years Throughout the Initial Term and Options
  • Take 5 Oil Change is the Fastest Growing Oil Change Concept in the U.S. with More than 1,000 Locations in 41 States and an Additional 950 Sites in the Pipeline
  • Take 5 is a Wholly-Owned Subsidiary of Driven Brands Holdings, Inc. (Nasdaq: DRVN) with $2.7 Billion Market Cap

Investment Overview

15 Year Absolute NNN Sale Leaseback – Strong Store Level Profitability. Signalized hard corner location with great access and visibility from Highway 73 and Eisenhower Road with a Combined 37,000-plus vehicles per day. Surrounding retailers include Home Depot, Walmart, Dillons Grocery, ALDI, Tractor Supply, Harbor Freight, Starbucks, Citizens Bank, QuikTrip, Club Car Wash, O’Reilly Auto Parts, Buffalo Wild Wings, Jimmy John’s etc.. One Mile to University of Saint Mary | 1,267 students enrolled.

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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