Take 5 Oil Change | Knoxville MSA

Investment Highlights

ACROSS FROM TOP PERFORMING LOWE’S HOME IMPROVEMENT (TOP 20% IN THE US)
• This Take 5 is positioned on Hwy 11E (40,528 VPD) directly across from a top performing Lowe’s Home Improvement that ranks in the top 20% of Lowe’s locations in the country (Placer.ai)
• Located in a high growth corridor with multiple new retail & residential developments within 2 miles of the Take 5.
• Significant Developments within 2 miles of this Take 5 include:
• Merchants Greene: An 80 acre development including a new Walmart Supercenter, ALDI, 2 Hotels, & multiple outparcels.
• New Publix Anchored Shopping Center with Academy, PetSmart, Chipotle, Panda Express, Whataburger, Speedway, Starbucks and more.
• Masengill Landing (89 Homes, 80 Townhomes, 100 Apartments) directly across from this Take 5.
• Additional national tenant developments: Dutch Bros, 7 Brew, Truist, Wendys, Freddy’s, and multiple strip centers.

KNOXVILLE MSA | 3RD LARGEST CITY IN TN
• Morristown is 45 minutes northeast of downtown Knoxville and a part of the Knoxville MSA.
• Knoxville is the largest city in the East Tennessee Grand Division and the state’s third-largest city after Nashville and Memphis.
• Home to the University of Tennessee which has 36,304 students enrolled and nearly 10,000 staff members.
• The largest company based in Knoxville is the privately-held Pilot Flying J, the nation’s largest truck stop chain and sixth largest private company.
• Over 700 manufacturing establishments are scattered throughout the Knoxville area. Sea Ray Boats is the city’s largest manufacturer, employing 760 residents.
• The Knoxville area is home to 182 shopping centers and factory outlets, and over 2,400 retail establishments.

15 YEAR NNN GROUND LEASE WITH 10% RENT INCREASES
• The subject property has a 15 Year NNN ground lease that will commence upon close of escrow.
• 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.

TAKE 5 OIL CHANGE | FASTEST GROWING OIL CHANGE OPERATOR IN THE US
• Founded in Metairie, LA in 1984 and is currently the fastest growing quick service oil change operator in the United States.
• Owned by Driven Brands, a ~$2.4 billion market capitalization business (NAS: DRVN) based in Charlotte, NC.
• Take 5 currently has over 1,100 locations between corporate and franchisee locations, with plans to grow to over 2,000 units in the next few years.
• 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.
• The operator, Stella Blue Ventures, has 15 locations in TN & GA with plans to open multiple locations in 2026.