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Take 5 Oil Change, Arvada, CO

Take 5 Oil Change, Arvada, CO


Investment Summary

Price $2,200,000
Cap Rate 6.00%
NOI $132,000
Lease Term 15 Years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 1.5% annual rental increases in initial period and option periods
Year Built Retrofitted in 2020
Building Size 1,189 SF
Lot Size 0.265 acres (11,538 SF)
Status Under Contract
Lead Brokers Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Russell Train
Brokerage
202.210.2379
russell.train@cushwake.com
CA RE License #02087816

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH A STRONG GUARANTY
» New 15-year absolute NNN lease with 1.5% annual rental increases in initial term and option periods
» No landlord management, ideal for an out-of-area investor
» Take 5 is a subsidiary of Driven Brands, Inc. (4,700 units with over $5.3 billion in system-wide sales)
» Take 5 is experiencing explosive growth as Driven Brands scaled the business from less than 50 locations to more than 1,000 company-operated and franchised locations across the U.S. and Canada
» Take 5 Oil Change is ranked in Entrepreneur magazine’s 2022 list of the Fastest-Growing Franchises

SIGNALIZED HARD CORNER LOCATION WITH IMMEDIATE ACCESS TO 58,462 CARS DAILY
» High-visibility and easily accessible location at the signalized four-way intersection of Wadsworth Boulevard and West 68th Avenue (combined 58,462 AADT)
» Trophy location near Colorado’s busiest thoroughfares, including Interstate 76/Heartland Expressway, allowing the site to capture significant commuter and long-haul traffic (147,317 AADT)
» Excellent proximity to major national tenants such as Costco, Walmart Supercenter, Target, The Home Depot, Chick-fil-A, McDonald’s, and many more
» 12 miles from Downtown Denver, the 19th-most populous city in the U.S. and the capital of Colorado (715,522 population)

DENSELY POPULATED, FAST GROWING, AND AFFLUENT
» 324,040 residents live within five miles of the property, creating an extremely large and reliable customer base for the business
» Affluent average annual household income of $114,707 within a five-mile radius
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Take 5 Oil Change and Arvada for steady concurrent growth
» Excellent proximity to major Arvada community hubs, including Rocky Mountain Metropolitan Airport, Red Rocks Community College (9,544 students), and Centura St. Anthony Hospital (224 beds, 2,290 employees)

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Shop is entering its fourth year of operation with consistently strong sales at this location
» Building extensively retrofitted in 2020 and features two bays
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Take 5 is experiencing explosive growth through both its corporate and franchise operations, recently reaching 1,000 locations
» Take 5 was awarded the J.D. Power award for highest overall customer satisfaction in quick oil change in 2021 and 2022

Property Description

» This Take 5 Oil Change has a high-visibility and easily accessible location at the signalized four-way intersection of Wadsworth Boulevard and West 68th Avenue (combined 58,462 AADT)
» The property is centrally located near Colorado’s busiest thoroughfares, including Interstate 76/Heartland Expressway, allowing the site to capture significant commuter and long-haul traffic (147,317 AADT)
» Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Costco, Walmart Supercenter, Target, The Home Depot, Chick-fil-A, McDonald’s, and many more, creating significant crossover shopping
» The site greatly benefits from its proximity 12 miles from Downtown Denver, the 19th-most populous city in the U.S. and the capital of Colorado
(715,522 population)
» 324,243 residents live within a five-mile radius of the site with an average annual household income of $114,707, providing an extremely large and reliable customer base
» Projected income increases within 1-, 3-, and 5-mile radii poise Take 5 Oil Change and Arvada for steady concurrent growth

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