Take 5 Oil Change, Sycamore, Illinois

Investment Highlights

• Brand-New 15 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Eight (5-Year) Options to Renew
• 7.5% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
• Best in Class Tenant – Take 5 is the 3^rd Largest Lube Center Chain in the U.S. with 551 Locations & is Currently the Fastest Growing Lube Center Chain in the Country
• Growing Operator with 7 Current Locations in Illinois & Michigan – Will Have 17+ Locations by the End of the Year
• Operator Has an Agreement with Take 5 to Develop 44 Locations by 2025 – Has Exclusive Rights to the States of Illinois & Michigan Except for Chicago & Detroit Proper
• Self-Sustaining Business Model – Driven Brands is the Parent Company to the Largest Automotive Parts Distributor in the US & Supplies Its 4 Car Care Businesses (Take 5, Meineke, Merlin & Econo Lube) Through This Distribution Business
• Pride of Ownership Asset Featuring Take 5’s Modern Prototype Design with 2 Drive-Thru Bays & Lengthy Waiting Queue, Allowing the Location to Effectively & Efficiently Handle High Customer Volume
• Low Price-Point Asset with Intrinsic Value – 1,209 Square Feet Building Situated on a 0.638 Acre Parcel & Below Market Rent That is Easily Replaceable
• High Traffic Location – More Than 27,800 Vehicles Per Day on Dekalb Ave (IL-23), Over 53,000 Vehicles Per Day on S. Peace Rd & an Additional 12,661 on Nearby W. State St (IL-64)
• Densely Populated, Infill Location with Strong Demographics – Over 59,000 People in a 5-Mile Radius with Average Household Income Exceeding $94,000 in a 3-Mile Radius of the Property
• Over 7.3 Million Square Feet of Industrial & Office Space and 4.8 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 1,800 Businesses & 24,000 Employees
• Located Directly Across from a Blain’s Farm & Fleet Store That Has Seen Nearly 500,000 Visits Over the Last Calendar Year
• Ideally Positioned Adjacent to a New Meijer Grocery Store – A Dominant Regional Retailer Headquartered in Walker, Michigan That Operate Over 250 Locations in 6 States, Bringing Daily Consumers to the Immediate Trade Area – The Store Has Averaged More Than 97,000 Visits Per Month Since Opening in July 2020 & Nearly 100,000 Per Month Over the Last Calendar Year
• Situated in Front of Sycamore High School with Over 1,200 Students Enrolled, Bringing Daily Traffic Directly to the Property
• Approximately 1.1 Miles from the 69 Bed Kindred Hospital of Sycamore with Over $76.71 Million in Total Patient Revenue in 2021
• Great Multi-Family Density with Over 6,500 Apartment Units within a 5-Mile Radius of the Property