6903 Alexandria Pike
Alexandria, KY 41001
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 6903 Alexandria Pike in Alexandria, 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 1,858 rentable square feet and is situated on a 0.75 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 $70,350 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 6903 Alexandria Pike in Alexandria, Kentucky. Alexandria is a city in Campbell County, Kentucky. With Newport, it is one of the dual seats of the county. Alexandria is located approximately ten miles south of Cincinnati, the third largest city in Ohio. The subject property is an outparcel to a Walmart Supercenter, and is well-positioned in a dense retail corridor, benefiting from its proximity to major national and local retailers. Dollar Tree, McDonald' s, Sonic, Arby' s, USPS, Pizza Hut, Dunham' s Sports, Bed Bath & Beyond, Country Market, Super Cuts, Walgreens, Fifth Third Bank, among many other major retailers are located within the immediate vicinity of Take 5. The subject property is approximately 15 miles east of the Cincinnati/Northern Kentucky Airport. The Cincinnati/Northern Kentucky Airport is the primary airport of the region and hosts over 6,300,000 passengers annually. Take 5 Oil Change is located on Alexandria Pike which is minutes from the North AA Highway. Alexandria Pike has an average daily traffic count of 30,000 vehicles. Nearby North AA Highway has an average daily traffic count of 25,000 vehicles.