Take 5 Oil Change

Take 5 Oil Change

7800 Garners Ferry Road
Columbia, SC

Price: $1,825,000
Cap: 5.48%
NOI: $100,000
Building Size: 1,435 SF
Lot Size: 0.67 AC

Investment Highlights

• New 2021 build Take 5 Oil Change located in Columbia, SC
• This store is 1,435 SF and is a drive thru location

• There is 4M SF of retail within a 1.5-mile radius of the Subject Property. It is only 1 Mile from a Walmart Supercenter and a Lowe’s Home Improvement.
• Other surrounding national retailers include Big Lots, Target, Goodwill, ALDI, CVS and many more.
• The Take 5 is located on Hwy 378 (46,000 VPD) only 3 miles off Interstate 77 (78,900 VPD)
• Fort Jackson, the largest United States Army Installation for Basic Combat Training, is 10 Miles from this Take 5. Over 3,500 civilians are employed at Fort Jackson and 46,000 retirees receive services from this base.

• Columbia is the capital and the second largest city in South Carolina with a population of over 131,700.
• This property is located only 7 Miles from the University of South Carolina. University of South Carolina is the largest university in South Carolina with a student population of 36,273.
• Columbia enjoys a diversified economy, with the major employers in the area being South Carolina state government, the Palmetto Health hospital system, Blue Cross Blue Shield of South Carolina, Palmetto GBA, and the University of South Carolina.
• The Columbia Metropolitan Airport is 15 Miles from this Take 5. This airport supports over 1.1 million passengers per year and employs over 1,400 people.
• Columbia is the county seat of Richland County.

• The subject property has a new 15-year NNN ground lease
• This is an absolute NNN ground lease and the tenant is 100% responsible for all taxes, insurance, CAM, roof and structure.
• There are attractive 10% rent increases every 5 years in the initial term and in each of the four, 5-Year options.

• Owned by Driven Brands, a ~$5.2 billion market capitalization business (NAS: DRVN) based in Charlotte, NC
• Take 5 currently operates 629 locations and has a pipeline of over 150 openings for 2022, with plans to grow to more than 2,000 locations within the next ten years
• Founded in Metairie, LA in 1984 and is currently the fastest growing quick service oil change operator in the United States
• The business model revolutionized the quick service oil change space by introducing the “stay in your car” concept while focusing on ~10 minute oil change services
• While trends were already very strong, the COVID-19 pandemic strengthened the value proposition that Take 5 offers and, as a result, revenues are growing even faster

• Take 5 Carolinas, LLC was the first Take 5 franchisee of what is now a group of over 50 franchisees
• This operator has the most experience operating franchisee locations
• Overall business trends have exceeded franchise averages since inception
• The company currently operates nine locations and has an additional seven locations under development for 2022 opening, with plans to grow to 20-30 locations by the end of 2024

Don McMinn

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