The Edgewater Take 5 property offers investors a single-tenant automotive service asset with a long-term corporate-backed lease. Located in Edgewater, Florida, this 4,111-square-foot property features a modern four-bay Take 5 Oil Change facility. It generates $118,000 in annual net operating income (NOI) and offers a 5.60% cap rate.

Built in 1998 and renovated in 2026, the property combines an updated facility with a 15-year lease. Its position along a busy commercial corridor also supports strong visibility and convenient customer access.

Corporate-Backed NNN Lease

Take 5 Oil Change operates under a 15-year NNN lease that began on October 1, 2026, and expires on September 30, 2041. The lease is guaranteed by Driven Systems LLC, the franchisor behind Take 5 Oil Change, Maaco, and Meineke.

Unlike a location operated by an independent franchisee, this property is leased for corporate operations. This structure gives investors a direct connection to the corporate-backed lease arrangement.

Key lease details include:

• Asking investment yield: 5.60% cap rate
• Annual NOI: $118,000
• Lease term: 15 years
• Lease type: NNN
• Tenant: Take 5 Oil Change
• Occupancy: 100%
• Rent increases: 10% every five years
• Renewal options: Four additional five-year periods
• Corporate guarantee: Driven Systems LLC

Scheduled rent increases provide built-in income growth throughout the lease and option periods. As a result, investors can benefit from rising rental income over time, helping offset inflation.

High-Traffic Edgewater Location

The Edgewater Take 5 property sits at the signalized intersection of South Ridgewood Avenue (US-1) and State Road 442. US-1 carries more than 25,500 vehicles per day, giving the site valuable exposure to passing motorists.

The property also benefits from nearby retail destinations that attract regular customer traffic. These include ALDI, Chick-fil-A, Dunkin’, and Wawa. In addition, the location offers convenient access to established commercial areas throughout Southeast Volusia County.

Edgewater also serves as a gateway to New Smyrna Beach, a popular coastal community. This connection brings the property close to residential neighborhoods, local businesses, and visitors traveling through the area.

Local Growth and Economic Drivers

The surrounding trade area offers further potential for long-term demand. The population within three miles reportedly grew by 23% between 2020 and 2025, expanding the local customer base.

Employment also supports the area’s economic activity. Boston Whaler and Everglades Boats have headquarters approximately 1.5 miles away, contributing skilled jobs and local spending.

Furthermore, the planned Deering Park North development includes approximately 6,600 residential units. If completed as planned, this project could bring more residents to the area and support future demand for nearby services.

Modern Four-Bay Automotive Facility

Renovated in 2026, the property features a four-bay layout designed for efficient oil changes and light automotive maintenance. This format supports a service model focused on speed and convenience, helping the tenant serve customers who need routine vehicle care.

Oil changes and basic maintenance are recurring needs for vehicle owners. Therefore, the site may appeal to investors seeking exposure to an established automotive service brand rather than traditional retail alone.

Investors should also consult their tax advisors to assess any potential cost segregation or depreciation benefits associated with the acquisition.

Key Investment Highlights

• Corporate-backed Take 5 Oil Change lease
• 5.60% cap rate and $118,000 annual NOI
• 15-year initial lease term
• NNN lease structure
• 10% rent increases every five years
• Four additional five-year renewal options
• Renovated four-bay automotive service facility
• More than 25,500 vehicles per day on nearby US-1
• Established retail anchors and major employers nearby
• Planned residential development in the surrounding area
• A Long-Term Automotive Investment

The Edgewater Take 5 property combines a recognizable automotive service brand, corporate lease backing, and scheduled rent increases. Its busy road frontage and proximity to established retailers add to its appeal.

For investors seeking a net lease property in Florida, this opportunity offers long-term income potential in a growing coastal market. The corporate guarantee, modernized facility, and extended lease structure make it worth considering as part of a diversified commercial real estate portfolio.