Take 5 Oil Change 2650 W 95th St

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Take 5 Oil Change property positioned within the Chicago MSA in Evergreen Park, Illinois. Take 5 has been operating at this location following the completion of construction in 2021. The asset features a ground lease through February 2033 with 7.5% rental escalations every ?ve years – the next escalation occurs in March 2027. Escalations continue into the six, 5-year renewal options. The ground lease presents no landlord responsibilities and a guaranty from a 6-unit franchisee.
The 1,765 square-foot building bene?ts from its prime location directly across from Mariano’s (Kroger) and along 95th Street, which sees over 36,400 vehicles per day. Located immediately east of the property is Western Avenue, a dense retail corridor home to major national tenants such as Walmart Supercenter, ALDI, Sam’s Club, Menards, Meijer, Whole Foods, Macy’s, Petco, Five Below, and several others. Additionally, the property is located just minutes from the Dan Ryan Expressway which sees 266,000 vehicles per day. The subject property is within walking distance to OSF Little Company of Mary, a 298-bed medical center that draws continual traffic along 95th Street. There are over 586,000 people who live within a within a ?ve-mile radius. This affluent population earns an average household income of $135,835 within one mile of the property.
Take 5 Oil Change was founded in Metairie, LA in 1984 with the mission to provide fast, friendly, affordable oil changes with an emphasis on an exceptional customer experience. They currently have more than 1,000+ locations in 23 states with an additional 950 units in the pipeline and plans for further expansion into additional states. Long term their goal over the next ten years is to grow to more than 2,000 locations. Take 5 Oil Change is a wholly owned subsidiary of Driven Brands (NASDAQ: DRVN), a leading automotive services company. The franchisee currently operates six locations and has plans to open an additional 2-3 stores per year.