Take 5 Oil Change on Broadway in Tucson Sells in Net-Lease Sale

TUCSON, AZ (August 13, 2024) – The rapidly expanding Take 5 Oil Change at 7960 E Broadway Blvd. in Tucson sold in a net lease sale for $2,385,370 ($2,025 PSF) and a 6% cap rate. The property sold with a 20-year triple net lease sale-leaseback, with escalations and four 5-year renewal options.  The 1,178-square-foot building has four bays and was constructed in 2022.

This is one of three Take 5 Oil Change locations in Tucson, with two more under construction at 1511 W Valencia and 1983 W River Road. Dave Hammack with Cushman & Wakefield | PICOR handled the land sale on Valencia, and Jeramy Price of VOLK Company negotiated the land sale on River Road.

Take 5 Oil Change is a fast-service oil change business headquartered in Metairie, Louisiana. It began in Canada in 1985, with its first shop in Mississauga, Ontario. Originally known as Pro Oil Change, it grew to 40 locations and, in 2020, converted all its shops to Take 5 Oil Change.

Today, the company is a leading fast-lube chain in the United States, with 500+ locations in 18 states. It was recently ranked 13th in Entrepreneur’s list of the Fastest-Growing Franchises, as published in the March 2021 issue of Entrepreneur magazine. The company also earned the prestigious J.D. Power Award for achieving the highest overall customer satisfaction score among all quick oil change providers.

Take 5 is widely known for delivering fast, friendly oil changes as easily and safely as possible. Driven by and designed for convenience, it gets everyone in and out in minutes without ever needing an appointment. Every service is performed by certified technicians, and Take 5 offers a range of additional automotive services for all vehicle makes and models.

The Take 5 Family is also proud to actively participate in the growth of the communities where it is located. From raising funds for charities to sponsoring local sports teams, it knows that when communities come together, they thrive.

Brian Brockman of Cincinnati-based Bang Realty represented the Durban Group affiliate Tucson-Broadway Take Five, LLC of Charlotte, NC, and the investor, Monte Verde Redhawk, LLC of Atlanta, GA.

To learn more, see RED Comp #11388.