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903 South Ohio Ave., Live Oak, FL, 32064

Take 5 Oil Change
$1,381,041

Key Information

Cap Rate
5.75%
Tot. SF
1,823
Year Built
2019
Term Remaining
±9 Yrs
Type
Retail

Highlights

Lease & Location Highlights

  • 2019 retrofit of former Super Lube building
  • The subject property qualifies for bonus depreciation (consult with your tax professional)
  • ±9-years remaining on an absolute NNN lease with zero landlord responsibilities
  • 10% rent increases every 5 years for the life of the lease (base term and options)
  • Corporate guarantee from Driven Brands
  • Traffic counts exceed ±17,992 vehicles daily
  • Average household income of $64,384 annually (ideal for full-service oil change business)

Tenant Highlights

  • Take 5 is one of the nation’s leading drive-thru oil change concepts with approximately 1,100 locations across the United States and Canada
  • Take 5 is growing at an exponential rate and has recently begun franchising new locations
  • Driven Brands owns Take 5 Oil along with Take 5 Car Wash, Meineke Car Care, Maaco, 1-800-Radiator, CARSTAR and more
  • Driven Brands has more than 5,000 locations throughout 14 countries, and services more than 70 million vehicles annually

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203