Take 5 - Holiday, FL

TAKE 5 OIL CHANGE - TAMPA, FL MSA

JAMES CAPITAL ADVISORS, INC.

JAMES CAPITAL ADVISORS

MARKETING PACKAGE Take 5 Oil Change 1525 US Highway 19 Holiday, FL 34691

CONTENTS

PAGE

Investment Summary

03

Lease Summary

04

Retail Aerial

05

Investment Highlights

06

Rent Schedule

07

Site Plan

08

About the Brand

09

Location Overview

10

CONTACT INFORMATION

richard brehaut

Director, Net Lease richard@jamescapitaladvisors.com (424) 325-2608

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TAKE 5 OIL CHANGE - TAMPA, FL MSA

INVESTMENT SUMMARY Tenant Street Address City State Zip

Take 5 Oil Change 1525 US Highway 19 Holiday FL 34691

GLA

1,200 SF

Lot Size

0.83 AC

Year Built

$1.3M 6.25% 6.25% $84,358 $84K $1,350,000 PURCHASE PRICE

CAP RATE

NET OPERATING INCOME

2019

COVID-19 Proof Business Model - Take 5’s contact-free car care allows customers to stay in their car while their car is serviced, offering fast, hassle-free drive thru oil changes, quick battery checks, air filter and wiper blades services.

Long-Term Triple-Net (NNN) Ground Lease - The 11.5 year Triple-Net (NNN) Ground Lease commenced in December 2019 and features four, five-year options. Tenant is responsible for taxes, insurance, and all maintenance including roof, structure, and parking lot.

Brand New Construction - The building was constructed in 2019 and features Take 5’s latest prototype.

Attractive Rental Increases to Hedge Against Inflation - The lease will feature 10% increases in Year 6 and each option, giving the landlord the benefit of compounding rent growth.

Signalized Hard Corner Location on Heavily Trafficked Intersection - The subject property is strategically located at the intersection of US 19 and ALT US 19 with combined daily traffic counts of approximately 77,000 VPD.

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1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

LEASE SUMMARY Lease Type

Ground Lease

Real Estate Taxes

Tenant Responsible

Type of Ownership

Ground Lease

Insurance

Tenant Responsible

11.5 Years

Roof & Structure

Tenant Responsible

12/20/19

Lease Guarantor

Personal Guarantee*

Lease Expiration

6/19/31

Company Name

West Coast Oil Biz

Term Remaining

10.5+ Years

Original Lease Term Commencement Date

Increases Options

10% in Year 6.5 & Options

Ownership

Private

*Substantial PG backing the lease. Contact agent for details.

Four (4), 5-Year

Take 5 Oil Change - Founded in 1984, Take 5 Oil Change is an industry-leading fast lube chain currently operating 480+ locations in 19 states across the U.S. Take 5 ’s success stems from its niche focus of providing oil changes almost exclusively, at a superior speed (approx. 5-7 Min) in a lowpressure sales environment.

Tampa MSA - The Tampa MSA population is already the largest of any metropolitan area in the state of Florida and is experiencing explosive population growth as it is projected to grow from 3MM to 3.1MM in 2019.

Strategically Located in Major Retail Corridor - The property is located less than ½ mile away from two major national retailers in the area including Home Depot, a 608,000 SF center, & Winn-Dixie, a 120,000 SF grocery store. Other national retailers in the immediate area are West Coast Collision Center, Mobil, ALDI, Planet Fitness and Dunkin’.

Minutes Away from Holiday Centre Shopping Center - The subject property is located minutes away from Holiday Centre, a 315,000 SF Publix anchored community shopping center. Co-tenants include Planet Fitness, Verizon, 7-Eleven and Exxon Gas Station.

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1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

RETAIL AERIAL

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1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

Investment Highlights

Excellent Site Level Visibility - The subject property is positioned at the hard corner, signalized intersection of US 19 and US ALT 19, which have combined daily traffic of approximately 77,000 vehicles per day.

Phenomenal Access - The subject property benefits from its multiple access points, with one each on US 19 ( 57,000) and ALT US 19 (19,700).

Strong Infill Demographics There are over 75,000 residents within three miles and 142,000 residents within five miles of the subject property.

Explosive Population Growth From 2010 – 2018, the population within one mile of the subject property increased by 30%. The population within one mile is expected to grow by an additional 13% between 2018 – 2023.

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1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

RENT SCHEDULE PERIOD

TERM

ANNUAL RENT

MONTLY RENT

INCREASE

CAP RATE

Year 1 - 6.5*

Base Term

$84,358.09

$7,029.84

-

6.25%

Year 6.5 - 11.5

Base Term

$92,793.90

$7,732.83

10%

6.87%

Year 11.5 - 16.5

1st Option

$102,073.29

$8,506.11

10%

7.56%

Year 16.5 - 21.5

2nd Option

$112,280.62

$9,356.72

10%

8.32%

Year 21.5 - 26.5

3rd Option

$123,508.68

$10,292.39

10%

9.15%

Year 26.5 - Year 31.5

4th Option

$135,859.55

$11,321.63

10%

10.06%

*Tenant is not required to pay Base Rent for the first six months of the first Lease Year. Seller to credit Buyer the abated rent at Close of Escrow.

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1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

SITE PLAN

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1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

ABOUT THE BRAND Take 5 Oil Change

Headquartered in Metairie, Louisiana and founded in 1984 Take 5 Oil Change is an industry leading fast lube chain currently operating 480+ locations in 19 states across the U.S. Focused exclusively on oil changes and ancillary services, including windshield wiper and air filter replacements, the company has aggressively expanded its footprint, growing from 13 locations in 2004 to 480+ locations today.

Take 5’s success stems from its niche focus of providing oil changes almost exclusively (approx.

90% of sales), at a superior speed with best in class customer service, in a low-pressure sales environment. Take 5 can complete an oil change in approximately 5-7 minutes of in bay time which is less than one third of the industry average. Servicing roughly 20,000 cars per unit annually, Take 5 Oil Change locations enjoy revenues that are 30% higher than the industry average and EBITDA margins significantly above industry averages.

Driven Brands Take 5 Oil Change was acquired by Roark Capital portfolio company, Driven Brands in March of 2016 from Trivest Partners, L.P. Driven Brands is the nation’s leading franchise automotive company with more than 2,700 locations and 2.6 billion in system sales. In addition, Take 5 Oil Change Driven Brands is the parent company of a number of North America’s leading automotive brands including: Meineke, Maaco, Merlin, CARSTAR, Drive N Style, Quick Lube, Pro Oil Change and Econo Lube N’ Tune.

WEST COAST OIL BIZ, INC., the franchisee operator of this location, is one of the fastest growing franchisee’s in the system. They currently operate four locations with a development agreement to build an additional 11 locations in the Tampa MSA.

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1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

LOCATION OVERVIEW

Holiday, FL Holiday is a census-designated place in Pasco County, Florida. It is a suburb of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area.

Attractive Job Opportunities Holiday has an unemployment rate of 3.8%, the US average is 3.9%. The job market increase by 2.4% over the last year. Future employment growth over the next ten years is predicted to be 44.3%, which is higher than the US average of 33.5%.

Strong Infill Demographics There are over 75,000 residents within three miles and 142,000 residents within five miles of the subject property.

Explosive Population Growth From 2010 – 2018, the population within one mile of the subject property increased by 30%. The population within one mile is expected to grow by an additional 13% between 2018 – 2023.

Port of Tampa, FL

Tampa, FL The Tampa MSA population is already the largest of any metropolitan area in the state of Florida and is experiencing explosive population growth as it’s projected to grow from 3MM to 3.1MM in 2019.

Home to Four Professional Sport Teams Tampa has four professional sports teams: Tampa Bay Buccaneers (NFL), Tampa Bay Rays (MLB), Tampa Bay Lightning (NHL), and the Tampa Bay Rowdies (AFL).

Port Tampa Bay Welcomes Over 65 Million Tourist One of the largest seaports in the Southwest, Port Tampa Bay welcomes more than 65 million tourist visitors per year. The Largest Concentration of distribution centers totaling over 85 million square feet of space.

Three Public Universities Located Within a Short Drive The University of South Florida, University of Central Florida, and the University of Florida are home to more than 150,000 students, over 60 percent of whom will stay in Florida upon graduation.

Tampa, FL 10

1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

LOCATION OVERVIEW 1. Busch Gardens

10165 McKinley Dr, Tampa, FL 33612 32 MILES FROM SUBJECT PROPERTY

2. Tampa Riverwalk 100 W. Kennedy Blvd, Tampa, FL 33602 38 MILES FROM SUBJECT PROPERTY

3. Armature Works 1910 N. Ola Ave, Tampa, FL 33602 38 MILES FROM SUBJECT PROPERTY

4. Raymond James Stadium 4201 N. Dale Mabry Hwy, Tampa, FL 33607 33 MILES FROM SUBJECT PROPERTY

5. Tampa Theatre 711 N. Franklin St, Tampa, FL 33602 38 MILES FROM SUBJECT PROPERTY

6. Florida Aquarium 701 Channelside Dr, Tampa, FL 33602 40 MILES FROM SUBJECT PROPERTY

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1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

LOCATION OVERVIEW

01

02

Busch Gardens

Tampa Riverwalk

Armature Works

Busch Gardens Tampa Bay is a 335-acre African-themed amusement park located in the city of Tampa, Florida.

Tampa Riverwalk is a 2.6-mile-long open space and pedestrian trail development along the Hillsborough River.

Armature Works is a fully restored mixeduse building that breathes new life into the historic Tampa Heights neighborhood.

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12

03

05

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raymond james stadium

Tampa Theatre

Florida Aquarium

Home to the Tampa Bay Buccaneers of the National Football League this stadium seats 65,618 people.

The Tampa Theatre is a historic theater in the Uptown District of Florida. It hosts more than 600 events each year.

The Florida Aquarium is home to more than 7,000 aquatic plants and animals from Florida and all over the world.

1525 US HIGHWAY 19, HOLIDAY, FL 34691

TAKE 5 OIL CHANGE - TAMPA, FL MSA

DEMOGRAPHICS

POPULATION

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1-Mile

3-Mile

5-Mile

2024 Projection

17,604

83,244

156,235

2019 Estimate

15,571

75,356

142,427

2010 Census

12,061

65,423

127,396

Growth ‘19 - ‘24

13.06%

10.47%

9.69%

Growth ‘10 - ‘19

29.10%

15.18%

11.80%

HOUSEHOLDS

1-Mile

3-Mile

5-Mile

2024 Projection

7,934

35,743

66,970

2019 Estimate

7,027

32,411

61,180

2010 Census

5,427

28,031

54,789

Growth ‘19 - ‘24

12.91%

10.28%

9.46%

Growth ‘10 - ‘19

29.48%

15.63%

11.66%

Average Income

$44,076

$55,220

$62,061

Median Income

$33,386

$39,050

$42,961

1525 US HIGHWAY 19, HOLIDAY, FL 34691

JAMES CAPITAL ADVISORS, INC.

DISCLAIMER

The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Brian Brockman (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property.

Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

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FOR INQUIRIES

PLEASE CONTACT Richard Brehaut

Brian Brockman

(424) 325-2608

(513) 898-1551

Director, Net Lease

richard@jamescapitaladvisors.com CA RE Lic. 01934760

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Broker of Record

brian@bangrealty.com FL RE Lic #: BK3327646 Bang Realty - Naples Naples, FL CORP. Lic #: CQ1049201