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Take 5-Brand New 15 Yr Corp NNN-100% Bonus Depreciation

6190 Hollywood Blvd, Hollywood, FL 33024

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Take 5
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
1,257
Lease Type
Absolute Net
Rent Per Square Feet
$99.44

Investment Overview

Marcus & Millichap is pleased to present a net leased investment opportunity consisting of a rare, Fee Simple (Land and Building) Corporate-Guaranteed Take 5 Oil Change which qualifies for 100% Bonus Depreciation. It is located on Hollywood Blvd, one of South Florida’s primary east-west thoroughfares with excellent visibility and access. This brand-new Take 5 is subject to a 15-year absolute triple net lease with four (4) five-year options to extend and 8% rent increases every 5 years, offering a passive, long-term income stream with built-in growth protection. Take 5 is in possession of the premises, about to start renovation/construction, and expected to open in early summer 2026. The subject property features Take 5 Oil Change’s modern drive-thru prototype, situated on a 0.34-acre (14,810 SF) parcel with a 1,257 SF facility. Designed for speed and convenience, the Take 5 model allows customers to remain in their vehicles for fast professional oil changes and maintenance services.

This new Take 5 Oil Change is located along Hollywood Blvd with a traffic count of 44,000+ VPD and benefits from immediate proximity to the Florida Turnpike (141,000+ VPD). This densely populated area has 179,000+ residents and solid average household income of $79,000 within 3-mile radius.

The property benefits from its strategic position in one of South Florida’s fastest-growing markets in Broward County. Hollywood continues to experience significant residential and commercial expansion, with over 220 residential units planned and being built out in a 1 MI radius of subject- driving increased traffic and long-term demand for essential quick-service automotive businesses.

Take 5 Oil Change, a leading brand under publicly traded Driven Brands Holdings Inc. (NASDAQ: DRVN), is one of the fastest-growing quick-lube concepts in North America with over 1,100 locations. Backed by a parent company generating approximately $2.3 billion in annual revenue (FY 2024) and a corporate guarantee, the brand offers strong institutional-grade investment security and a proven model focused on speed, convenience, and customer loyalty. This site represents a new development underscoring the company’s continued expansion in high-traffic South Florida markets.

Investment Highlights

  • Corporate Guarantee: Credit Rated Parent Company–NASDAQ: DRVN–BBB Rating
  • Long Term Absolute NNN Lease (Land And Building): 15 Year Term-8% Rental Increases Every 5 Years-Hedge Against Inflation
  • Excellent Visibility & Access: Frontage on Hollywood Blvd & Stone's Throw From FL Turnpike–Combined 185,000+ VPD
  • Densely Populated Area: 179,000+ People W/ AHHI of $79,000+ Within 3 MI Radius
  • No Competition Nearby: Closest Quick Lube Oil Change Facility 1+ Miles Away
  • Complete Gut Renovation: Take 5 is in The process of a Renovation and Re-Imaging Prior to This Summer's Opening
  • Constant Area Growth: 200+ Residential Units Planned/Being Built Out Within 1 MI From Subject
  • Qualifies For 100% Bonus Depreciation: Contact Listing Agent For Estimate of Savings

Exclusively Listed By

Auto Service - Gas-Conv

Take 5-Brand New 15 Yr Corp NNN-100% Bonus Depreciation

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Take 5
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
1,257
Lease Type
Absolute Net
Rent Per Square Feet
$99.44

Investment Highlights

  • Corporate Guarantee: Credit Rated Parent Company–NASDAQ: DRVN–BBB Rating
  • Long Term Absolute NNN Lease (Land And Building): 15 Year Term-8% Rental Increases Every 5 Years-Hedge Against Inflation
  • Excellent Visibility & Access: Frontage on Hollywood Blvd & Stone's Throw From FL Turnpike–Combined 185,000+ VPD
  • Densely Populated Area: 179,000+ People W/ AHHI of $79,000+ Within 3 MI Radius
  • No Competition Nearby: Closest Quick Lube Oil Change Facility 1+ Miles Away
  • Complete Gut Renovation: Take 5 is in The process of a Renovation and Re-Imaging Prior to This Summer's Opening
  • Constant Area Growth: 200+ Residential Units Planned/Being Built Out Within 1 MI From Subject
  • Qualifies For 100% Bonus Depreciation: Contact Listing Agent For Estimate of Savings

Investment Overview

Marcus & Millichap is pleased to present a net leased investment opportunity consisting of a rare, Fee Simple (Land and Building) Corporate-Guaranteed Take 5 Oil Change which qualifies for 100% Bonus Depreciation. It is located on Hollywood Blvd, one of South Florida’s primary east-west thoroughfares with excellent visibility and access. This brand-new Take 5 is subject to a 15-year absolute triple net lease with four (4) five-year options to extend and 8% rent increases every 5 years, offering a passive, long-term income stream with built-in growth protection. Take 5 is in possession of the premises, about to start renovation/construction, and expected to open in early summer 2026. The subject property features Take 5 Oil Change’s modern drive-thru prototype, situated on a 0.34-acre (14,810 SF) parcel with a 1,257 SF facility. Designed for speed and convenience, the Take 5 model allows customers to remain in their vehicles for fast professional oil changes and maintenance services. This new Take 5 Oil Change is located along Hollywood Blvd with a traffic count of 44,000+ VPD and benefits from immediate proximity to the Florida Turnpike (141,000+ VPD). This densely populated area has 179,000+ residents and solid average household income of $79,000 within 3-mile radius. The property benefits from its strategic position in one of South Florida’s fastest-growing markets in Broward County. Hollywood continues to experience significant residential and commercial expansion, with over 220 residential units planned and being built out in a 1 MI radius of subject- driving increased traffic and long-term demand for essential quick-service automotive businesses. Take 5 Oil Change, a leading brand under publicly traded Driven Brands Holdings Inc. (NASDAQ: DRVN), is one of the fastest-growing quick-lube concepts in North America with over 1,100 locations. Backed by a parent company generating approximately $2.3 billion in annual revenue (FY 2024) and a corporate guarantee, the brand offers strong institutional-grade investment security and a proven model focused on speed, convenience, and customer loyalty. This site represents a new development underscoring the company’s continued expansion in high-traffic South Florida markets.

Exclusively Listed By

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