637 Donaldson Rd
Erlanger, KY 41018
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 637 Donaldson Road in Erlanger, KY. This location is currently branded as a Quikstop Oilube and will be rebranded to Take 5 Oil Change in early 2017. The property is 1,845 rentable square feet and is situated on a 0.34 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 $103,850 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 at 637 Donaldson Road in Erlanger, Kentucky. Erlanger is a town in Kenton County, located in northern Kentucky. Erlanger Kentucky is in the heart of the tri-state area that includes Kentucky, Ohio, and Indiana. Erlanger is approximately six miles south of Cincinnati, Ohio' s third largest city. The subject property is located in a dense retail corridor, benefiting from its proximity to major national retailers. Walmart Supercenter, Staples, TJ Maxx, JCPenney, Macy' s, Sears, Dollar Tree, Panera Bread, Pizza Hut, Old Navy, Burlington Coat Factory, Walgreens, among many other retailers are in the immediate vicinity of Take 5. Additionally, the subject property benefits from increased traffic generated from the nearby densely populated residential communities. Boone County High School, John W Miles Elementary School, Lloyd High School, Tichenor Middle School, and Saint Henry District high School are all within three miles of the subject property. Together, they have a combined enrollment of 3,338 students. Take 5 Oil Change is located four miles east of the Cincinnati/Northern Kentucky International Airport.