Take 5 Oil Change

1103 South Valley Mills Drive, Waco, TX 76711

$1,380,000

Cap Rate 6.00%

Views: 117 DOM: 312 Updated: 08.23.24 Posted: 11.09.23 Status: Active

Summary

Price $1,380,000	Built/Renov 2020	Tenant Take 5 Oil Change
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,559	Lease Start 12-01-2020	#Units 1,000
Price/SF $885.18	Expiration 11-30-2038	Tenant Type Automotive
NOI $82,774	R. Term 14.2	Ownership Fee Simple
Rent/SF $53.09	Increases 2.0%/1/yrs	Pop 5Mi 33,290
Lot/AC 0.33	Options 4/5yrs/2%	AHHI 5Mi $58,345

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Take 5 Oil Change has 14+ years remaining on the current lease term with 4 (5-year) options to extend
Lease features 2% annual rental increases
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Take 5 Oil Change is strategically located on South Valley Mills Drive, with access to 33,290 vehicles passing by daily. The property is conveniently positioned just off Interstate-35, a major highway, with a significant traffic volume of 145,730 vehicles. The immediate trade area is well-supported by major national retailers such as Dollar Tree, Walmart, Starbucks, Chilis, Advanced Auto...

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Key Features

Build to suit
Dense retail corridor
Freeway close
Major MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Annual rent increases
Corporate Guarantee

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Links

Take 5 Oil Change Wikipedia Waco, Texas Zip Code 76711 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Corp T and Rated
Company:Driven Brands Holdings, Inc.
# Units:1,000
Tenant S&P: B+
Moody’s: B3
Stock: NASDAQ: DRVN

About Tenant

Take 5 Oil Change is an industry-leading quick lube service featuring a unique drive-thru concept that allows customers to never leave the comfort of their car. The brand offers an average...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	10,880	83,443	137,405
2023 Total Population :	9,916	80,347	133,804
2023 Employed Civilian Pop :	4,727	35,301	59,099
2023 Total Businesses :	351	4,082	6,137
2023 Average Household Income :	$ 65,656	$ 57,579	$ 68,463
2023 Total Consumer Spending :	$ 191 M	$ 1528 M	$ 3056 M
2023 Median Age :	33	27	32
2023 Total Households :	3,297	29,975	50,725
2023 Pop Age 25+: Bachelor's Degree :	495	5,799	13,081
2023 Average Home Value :	$ 126,293	$ 167,778	$ 210,614

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Valley Mills Dr	Memorial Dr	2010	33,290	0.02 mi
Dutton Ave	S 31st St	2010	6,730	0.07 mi
Memorial Dr	Connally St	2010	5,770	0.10 mi
Dutton Ave	S 31st St	2010	6,210	0.12 mi
S Valley Mills Dr	Turtle Cove Dr	2010	35,880	0.18 mi
Richter Ave	Shelby Ave	2010	1,400	0.21 mi
Clay Ave	S Valley Mills Dr	2010	3,000	0.35 mi
Travis St	Speight Ave	2010	5,710	0.35 mi
Shelby Ave	Columbia St	2010	590	0.40 mi
Speight Ave	S 29th St	2010	4,450	0.42 mi

Listing Broker

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