SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, freestanding, Take 5 Oil Change investment property located in La Porte, Texas (Houston MSA). The tenant, Take 5 Properties SPV, LLC, has over 8.5 years remaining in their initial term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in November 2024 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by Driven Systems, LLC and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

Take 5 Oil Change is strategically located along Spencer Highway, a major retail and commuter thoroughfare averaging 21,600 vehicles passing by daily. The site is ideally situated within close proximity to Walmart Supercenter, a premium big-box retailer that significantly increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Other nearby national/credit tenants include H-E-B Grocery, ALDI, Walgreens, Planet Fitness, and more, further increasing consumer traffic to the trade area. The 5-mile trade area is supported by nearly 129,000 residents and 65,000 daytime employees with a healthy average household income of $97,000.