Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH A STRONG FRANCHISE GUARANTY
» New 15-year absolute NNN lease with 10% rental increases every five (5) years in initial term and option periods, providing a hedge against inflation
» Guaranteed by Purple Square Management, owner and operator of over 223 franchise locations with 10 Take 5 locations open and plans to have 20 locations by the end of 2022
» 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 800 company-operated and franchised locations across the U.S. and Canada
» Florida has no state income tax

DENSE RETAIL CORRIDOR WITH ACCESS TO OVER 78K VEHICLES AND 112K NEARBY RESIDENTS
» Prominent location along State Road 52 with excellent visibility and access to a combined 78,111 vehicles per day at the nearest signalized intersection
» Outparcel to a Publix Super Market-anchored shopping center and directly across from The Oaks shopping mall (20+ stores) within one of Hudson’s main retail corridors
» Close to HCA Florida Bayonet Point Hospital (290 beds) and Pasco-Hernando State College (9,915 students) and near many schools within the Pasco County School District (over 76,000 students)
» Strong existing demographics in one of the fastest growing areas in the Tampa MSA with 112,293 residents within a five-mile radius (12% growth since 2010)
» Average annual household income within five miles projected to increase 21% by 2027
» Gateway to the city of Tampa and part of the Tampa Bay Region (3.22 million people), one of America’s fastest-growing metropolitan areas with a net inflow of 150 people per day
» Beneficial proximity to Tampa International Airport (15.4 million annual passengers 2021), consistently ranked in the top three U.S. airports by travelers and industry leaders

DYNAMIC TENANT SERVING A PRACTICAL NEED
» New high-quality 2022 construction featuring three (3) bays, which historically increases profit margins
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Take 5 Oil Change was awarded the J.D. Power award for the highest overall customer satisfaction in quick oil change in 2021
» Take 5 Oil Change is ranked in Entrepreneur magazine’s 2022 list of the Fastest-Growing Franchises
» In 2021, Take 5 earned the 152nd spot on the Franchise Times magazine’s Top 400 list
» Florida has one of the highest rates of car ownership in the nation
» In 2021, Tampa-area households spent 18.2% of their budget on transportation, of which 96% was spent buying and maintaining private vehicles
» Well-positioned within part of the largest consumer market in Florida with nearly 3.2 million people residing within the Tampa Bay region

Property Description

SOLD

» This Take 5 Oil Change is prominently located along State Road 52, one of only two East/West connectors to the Suncoast Parkway near the Little Road signalized intersection which offers excellent visibility and access to a combined 78,111 vehicles per day within a dense retail corridor
» The property is located minutes from HCA Florida Bayonet Point Hospital (290 beds) and Pasco-Hernando State College (9,915 students) and is surrounded by many large schools within the Pasco County School District (over 76,000 students)
» 112,293 residents (12% growth since 2010) with an average annual household income of$64,411 live within a five-mile radius with a 21% projected AAHI increase by 2027
» The location is well-positioned within part of the largest consumer market in Florida with nearly 3.2 million people residing within the Tampa Bay region
» Florida also has one of the highest rates of car ownership in the nation and in 2021 Tampa-area households spent 18.2% of their budget on transportation, of which 96% was spent buying and maintaining private vehicles