Take 5 Oil Change
6059 Florida Avenue South | Lakeland, FL 33813
Vice President Investments
Senior Investment Advisor
Corporate Guaranteed Lease - Take 5 Properties SPV, LLC
Driven Brands is also a Subsidiary of Roark Capital Group, a Large Private Equity Firm with Over $7 Billion in Equity Capital and Commitments
39,500 Average Daily Traffic Count - Located on Main Retail Artery Through Lakeland
Ten Percent Increases Every Five Years Throughout the Base Term and the Option Periods
Marcus & Millichap is pleased to offer for sale this Take 5 Oil Change located in Lakeland, FL. Take 5 Oil Change has over ten years remaining on their lease with one, five-year option period. There are ten percent increases throughout the base term and the option periods. The lease is guaranteed by Take 5 Properties SPV, LLC, which has over 350 locations nationwide. Take 5 has been successfully operating at this location since 2010. The median age and average household income within a three-mile radius of the subject property is approximately 40 years and $73,000 respectively, which are ideal trade area demographics for Take 5. The subject property is located on Florida Avenue, the main retail artery through Lakeland.
Located in Central Florida, the city of Lakeland is located less than one hour north of the Tampa-St. Petersburg MSA. The Lakeland-Winter Haven Metro Area ranks 4th for overall growth in the entire nation with 3.2% annual population increase.