Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
Take 5 Oil Change locations are typically sold as absolute NNN leases, offering investors passive income with no landlord obligations. These properties are small-format, freestanding buildings optimized for quick-turn drive-thru oil changes.
Many leases are corporate-guaranteed by Take 5’s parent company — Driven Brands Holdings Inc. (NASDAQ: DRVN) — which also owns Meineke, Maaco, and Carstar.
| Average Sale Price | $1,300,000 - $2,600,000 |
| Average NOI | $95,000 - $170,000 |
| Building SF | 2000 |
| Lease Term | 20 Years |
| Escalations | 1.5 % every year |
| Stock Symbol | NASDAQ:DRVN |
Take 5 pioneered the “stay-in-your-car” model for oil changes, offering ultra-fast service in under 10 minutes. Since being acquired by Driven Brands in 2016, it has grown rapidly across the U.S. and Canada through both franchise and corporate development.
Driven Brands is aggressively scaling Take 5 locations across suburban and commuter markets, often rebranding existing auto service centers under the Take 5 model.
Corporate Guarantee: Backed by Driven Brands (publicly traded)
Absolute NNN Lease Structure: No landlord responsibility
High-Volume Model: Drive-thru format allows for high customer throughput
Essential Services: Recession-resistant and repeat-customer business
Aggressive Expansion: Strong growth across the Sunbelt and suburban markets
Small Format Buildings: Lower rent per site may impact overall returns
Specialty Use: Narrow reuse potential if tenant vacates
Lease Credit Mix: While many leases are corporate, some are franchisee-backed (check lease terms)
| Founded | 1984 |
| Headquarters | Charlotte, North Carolina |
| Number of Locations | 900 |
| Revenue | $2.3 B |
| Company Website | https://www.take5oilchange.com |
| Key Principal | Mo Khalid |