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Take 5 Oil Change | 10yr Abs NNN w/ Increases 5235 E 64th St 2,389 SF Retail Building Indianapolis, IN 46220 $2,211,137 CAD ($925.55 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

10 Years Remaining | Franchisee Guaranteed | 10% Increases Every 5 Years
Prime Infill Location | Dense Retail Corridor
Established Auto Service Brand | Driven Brands (NASDAQ: DRVN)

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Affluent Market Demographics | Expanding Indianapolis MSA
Experienced Multi-Unit Franchisee | Indiana’s Leading Take 5 Operator

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Indianapolis, Indiana. The tenant, Take 5 Oil Change, signed a 11-year lease paying $99,000 in annual NOI with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Auto Repair

Building Size

2,389 SF

Building Class

Year Built

2000

Price

$2,211,137 CAD

Price Per SF

$925.55 CAD

Cap Rate

6.25%

NOI

$138,196 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.23

Lot Size

0.24 AC

Zoning

ZO01

Parking

8 Spaces (3.35 Spaces per 1,000 SF Leased)

Frontage

117’ on Binford Blvd

Dedicated Turn Lane

Pylon Sign

Signage

Services
99,999 SF
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Whether it’s an oil change followed by a car wash, a car wash before an oil change…or both at completely different times, Take 5 gets the job done quickly so you can be on your way. Take 5 was founded as Rapid Oil Change. It offered quick oil changes, minor repairs and other maintenance services. Since then, it has seen expansion, faced disaster and become part of the community. What started in Louisiana, just outside New Orleans, spread to several states and across the southeastern United States from Virginia to Texas and several locations, with more shops opening in the coming months. Among the newest locations is the first Take 5 in Florida. To date, the company has opted to limit franchising the brand but it continues to consider future options to do so.