1174 W Eads Pky
Lawrenceburg, IN 47025
Take 5 Oil Change · Retail Property For Sale

Take 5 Oil Change - 20 Year NNN Sale - Leaseback Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change Sale-Leaseback located at 1174 W. Eads Parkway in Lawrenceburg, IN. This location is currently branded as a Quikstop Oilube and will be rebranded to Take 5 Oil Change in early 2017. The property is 1,584 rentable square feet and is situated on a 1.00 acre lot. Take 5 Oil Change is subject to a 20-year triple-net (NNN), sale-leaseback. The lease will be corporately guaranteed by Driven Brands and will commence upon close of escrow. The base annual rent will be $87,100 and will have 1.75% annual rental increases during the base term and continuing through the four, five-year tenant renewal options. The lease will be corporately guaranteed by Driven Brands. Driven Brands is an investment grade tenant with an S&P credit rating of BBB-. Driven Brands is a leader in the automotive aftermarket industry and parent company of Meineke, Maaco, CARSTAR, 1-800 Radiator and Take 5 Oil Change as well as several additional brands. These brands generate $2.5 Billion in annual system wide sales through their 2,400 locations in the U.S. and Canada. Take 5 Oil Change is located 1174 West Eads Parkway in Lawrenceburg, Indiana. Lawrenceburg is a city in Dearborn County, Indiana. Lawrenceburg is located 30 miles west of Cincinnati, the third largest city in Ohio. Take 5 Oil Change is well-positioned within a dense retail corridor, benefitting from its close proximity to major national and local tenants in the immediate area. Walmart Supercenter, Goodwill, Taco Bell, Chipotle, Dominos, Kroger, Lowe' s, McDonald' s, Speedway, AutoZone, among many other national tenants are all within close proximity to the subject property. Additionally, the subject property benefits from increased traffic generated from the nearby densely populated residential communities. Lawrenceburg Primary School, Greenday Middle School, Lawrenceburg High School, and Central Elementary School are all within three miles of Take 5 Oil Change. Combined, these schools have a total enrollment of over 1,500 students. Additionally, Dearborn County Hospital three miles from the Take 5 Oil Change and has a bed count of 78. The Take 5 Oil Change is located on West Eads Parkway. West Eads Parkway has daily traffic counts of 40,000 vehicles.