Take 5 Oil Change, Austin, Texas

5400 Balcones Drive no-imageVIEW MAP

Property Information

Price: Confidential

Cap Rate: N/A
Lease Term: 11 Years
Lease Type: Absolute NNN Lease
Building Size: Approximately 1,500 Square Feet
Year Built: 2017
Status: Under Contract
Lead Broker Information:

Randy Bell



Property Description

Investment Highlights

  • Brand New 11 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Three (5-Year) Options to Renew
  • 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Take 5 Has Been Designated an “Essential Business” by the Department of Homeland Security and Has Remained Open Throughout the Pandemic
  • Corporately Guaranteed Lease by Driven Systems, LLC – the Corporate Entity for Take 5 with 551 Locations as of January 2020
  • Best in Class Operator – Take 5 is the 3rd Largest Lube Center Chain in the U.S. with 551 Locations and is Currently the Fastest Growing Lube Center Chain in the Country
  • Premier Private Equity Leadership – Roark Capital Group, a Leading Private Equity Firm with Over $20 Billion in Assets is the Parent Company Behind 90 Business Concepts Including Driven Brands and Take 5 – Generating Over $54 Billion in System Revenues
  • Self-Sustaining Business Model – Driven Brands is the Parent Company to the Largest Automotive Parts Distributor in the US and Supplies Its 4 Car Care Center Businesses (Take 5, Meineke, Merlin & Econo Lube) Through This Distribution Business
  • New Construction, Pride of Ownership Asset Featuring a Modern Prototype Design and 3 Drive-Thru Bays
  • Low Price-Point Asset with Intrinsic Value – 0.55 Acre Parcel and Below Market Rent That is Easily Replaceable
  • High Traffic Location – Over 135,000 Vehicles Per Day on N. Mopac Expressway, More Than 32,300 Vehicle Per Day on FM-2222 & an Additional 12,300 on Balcones Drive
  • Densely Populated Location with Excellent Demographics – Over 312,100 People in a 5-Mile Radius with Average Household Income Exceeding $115,800
  • Extremely High Daytime Population of More Than 292,850 Employees & 27,190 Businesses – Over 59.8 Million Square Feet of Office & Industrial and 31.2 Million Square Feet of Retail & Restaurant Space in a 5-Mile Radius of the Property
  • Located 4 Miles from Downtown Austin, Texas – The State’s Capital that is Home to Dozens of the Corporate or Regional Headquarters of the Nation’s Largest and Most Recognized Companies such as Apple, Charles Schwab, Dell, Facebook, General Motors, Home Depot, IBM & Many More
  • Approximately 5 Miles from The University of Texas at Austin with Over 51,800 Students Enrolled and 24,000 Faculty & Staff Members – Generates an Estimated Economic Impact of More Than $11.4 Billion to the Regional Economy
  • Tremendous Multifamily Density with Over 63,700 Apartment Units Within a 5-Mile Radius, with an Additional 5,981 Units Currently Undergoing Construction
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset