The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN leased Take 5 Oil Change in Ellisville, MO. Take 5 is owned by Driven Brands (NASDAQ: DRVN), the largest automotive aftermarket company in North America and operates over 5,000 automotive oriented service centers across 13 countries. The new long-term lease has a 10-year primary term with four 5-year option periods, 10% rent increases every 5 years and an unconditional guaranty providing worry-free cash income for years to come.
The 3,200 SF standalone building on 0.41-acre parcel is strategically located along Manchester Road which sees over 39,200 VPD and is 20 miles from downtown St. Louis, MO (MSA population approximately 2.8 million). Nearby retailers include ALDI, Schnucks, Ollie’s Bargain Market, Hobby Lobby, Michaels, Walgreens, Bank of America, McDonald’s, Chick-fil-A, Raising Cane’s and Chipotle.
This is an excellent opportunity to purchase an absolute NNN leased essential service tenant with an unconditional guaranty, strong rent increases and no landlord duties, providing effortless income for a hands-off investor.