Take 5 Oil Tenant Overview



Pros

  • Frequent rent increases
  • Absolute NNN leases
  • Essential service tenant

Cons

  • Small plots of land
  • Franchisee owned and operated

Tenant Description

Take 5 Oil is a significant player in the net lease commercial real estate market, known for its automotive maintenance and oil change services across the U.S. It boasts over 800 locations and offers absolute NNN leases with frequent rent increases, highlighting its role as an essential service provider. However, its operations on small land plots and franchisee ownership pose challenges. Financially, the average cap rate for Take 5 Oil stands at 5.82%, with properties typically featuring a 15-year lease term, variable escalations, and recent sales comps indicating cap rates between 5.50% and 6.35%.

Take 5 Oil operates a network of convenient drive-thru locations across the United States. With a strong focus on providing quick and efficient services, Take 5 Oil has become a trusted name in the industry, serving millions of customers each year. With over 800 locations in the US.

Average Cap Rate
5.82%
Trailing 12-month average
Average Property & Lease
Average Sale Price $1,833,906
NOI $107,495
$/Square Foot $916 - $1,833
Building SF 1,000 - 2,000
Lot Size 0.67 - 1.25 acres
Lease Term 15 years
Escalations varies
Stock Symbol DRVN
Credit Rating
S&P B+
Moody's N/A
Average Cap Rate Trend
5.22%
2022
5.82%
2023
Rates reflect year-over-year comparison
Recent Sales Comps
Ladson, SC 6.35%
Hutton, TX 5.98%
Kenosha, WI 5.50%