1009 Eaton Dr
Fort Wright, KY 41011
Take 5 Oil Change · Retail Property For Sale

Take 5 Oil Change - 20 Year NNN Sale - Leaseback Marcus & Millichap is pleased to present the exclusive listing for the Take 5 Oil Change Sale-Leaseback located at 1009 Eaton Drive in Fort Wright, KY. This location is currently branded as a Quikstop Oilube and will be rebranded to Take 5 Oil Change in early 2017. The property is 1,481 rentable square feet and is situated on a 1.09 acre lot. Take 5 Oil Change is subject to a 20-year triple-net (NNN), sale-leaseback. The lease will be corporately guaranteed by Driven Brands and will commence upon close of escrow. The base annual rent will be $87,100 and will have 1.75% annual rental increases during the base term and continuing through the four, five-year tenant renewal options. The lease will be corporately guaranteed by Driven Brands. Driven Brands is an investment grade tenant with an S&P credit rating of BBB-. Driven Brands is a leader in the automotive aftermarket industry and parent company of Meineke, Maaco, CARSTAR, 1-800 Radiator and Take 5 Oil Change as well as several additional brands. These brands generate $2.5 Billion in annual system wide sales through their 2,400 locations in the U.S. and Canada. The subject property is well-positioned in a retail corridor, benefiting from its proximity to major national and local retailers. Walmart, Taco Bell, Arby' s, Game Stop, Wendy' s, Bob Evans, Key Bank, Buffalo Wild Wings, Texas Roadhouse, Golden Corral, White Castle, Speedway, Verizon Wireless, Frisch' s Big Boy, Tire Discounters, Hot as well as many other retailers are located within the immediate vicinity. Burlington Coat Factory, Dollar General, Aaron' s, Big Lots, McDonalds, Walgreens, Kroger, CVS Pharmacy, and Dollar Tree are all located within two miles from the subject property. Located on the border of Ohio and Kentucky, the subject property is less than seven miles from the third largest city in Ohio, Cincinnati. Additionally, the largest Kenton County employer, St. Elizabeth Healthcare, with more than 7,000 employees, is located roughly two miles from the subject property.