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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 $2,110,479 CAD ($883.42 CAD/SF) 6.40% 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

$2,110,479 CAD

Price Per SF

$883.42 CAD

Cap Rate

6.40%

NOI

$135,060 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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Jan 0000

Take 5 Oil Change began in Louisiana near New Orleans and was founded in 1984 as Rapid Oil Change. The company built its service model around quick oil changes, minor repairs, and other maintenance work, then introduced a stay-in-your-car concept that became a defining part of the brand. Today, Take 5 Oil Change offers oil changes, fluid top-offs, tire pressure checks, filter and wiper inspections, and related vehicle maintenance through a broad network of company-owned and franchised service centers across the United States and Canada. The company also supports fleet accounts and continues to expand its franchise footprint within the quick-lube market.