NNN Take 5 Oil Change Jacksonville, FL
Description
This NNN Take 5 Oil Change investment is located in Jacksonville, Florida and features a brand-new, long-term net lease with a nationally recognized quick-service automotive brand. The property is single-tenant, 100% occupied, and secured by a full 20-year lease term, offering investors predictable income and long-term stability. Fee simple ownership and a true NNN lease structure make this asset well suited for passive investors seeking minimal management responsibilities.
The freestanding auto service building sits on a generous parcel with excellent accessibility and visibility within a well-established Jacksonville retail corridor. The lease is backed by a strong corporate guarantee, reinforcing the tenant’s long-term commitment and providing additional credit security. With strong fundamentals and durable demand drivers, this asset offers reliable cash flow in a growing metropolitan market.
Investment Highlights
- Corporate Guarantee: The lease is backed by a corporate guarantee from Driven Funding Holdco, LLC, which supports thousands of automotive service locations nationwide and diversified royalty revenue streams across multiple automotive brands.
- Strong Industry Growth: The U.S. oil change service market is valued at approximately $12 billion and is projected to grow steadily through the end of the decade, driven by increasing vehicle counts and demand for routine maintenance.
- Recession-Resistant Service: Quick oil change services are considered essential vehicle maintenance, maintaining consistent consumer demand even during economic downturns and supporting stable long-term income.
- Aging Vehicle Fleet: The average age of vehicles on U.S. roads continues to rise, with consumers holding cars longer due to higher replacement costs, increasing long-term demand for oil change and maintenance services.
Address
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Address Jacksonville, FL
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Country United States
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Province/State Florida
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City/Town Jacksonville
Overview
- Property ID 14620
- Price $2,363,636
- Property Type Retail
- Property status For sale
- Size 1,763 SqFt
- Sub Type Auto Shop
- Investment Type Net Lease
- Lease Type NNN
- Tenant Credit Corporate Guarantee
- Tenancy Single
- Brand/Tenant Take 5 Oil Change
- Lease Term 20 years
- Remaining Term 20 years
- Price per SqFt $1,340.69
- Cap Rate 5.50%
- Occupancy 100%
- NOI $130,000
- Lot Size (acres) 1.1
- Ownership Fee Simple
