subject property exclusive offering | $1,417,000 6.00%...

Property. 2,821+ SF building on 0.58+ acre site.

Tenant. Take 5 Oil Change is the leading fast lube chain on the Gulf Coast with 150+ Stores.

Lease structure. 10 year, Absolute NNN, with 10% rent increases every 5-years in the initial term and options.

Location. Take 5 is situated along Whitlock Ave (26,000 VPD), which is the primary east-west thoroughfare in Marietta, GA. The subject property is 3.5 miles

west of the Roswell St and Interstate 75 (230,000 VPD) intersection, the most heavily travelled intersection in Marietta, GA. Marietta, GA is located approximately

15-miles northwest from Atlanta, GA. Traffic volumes, growth, and accessibility of the immediate trade area have attracted numerous nationally known retail

brands. The subject property is surrounded by notable national credit tenants such as Kroger, Rite Aid, CVS, Walgreen’s, Dollar Tree, Hibbett Sports, BP,

Chevron, Starbucks, Chick-fil-A, McDonald’s, Wendy’s, Churches Chicken, Dominos, Papa Johns, and many more.

214.915.8890

RUSSELL SMITH

[email protected]

BOB MOORHEAD

[email protected]

5 Whitlock Place, Marietta, GA

EXCLUSIVE OFFERING | $1,417,000– 6.00% CAP

Take 5 | absolute nnn

SUBJECT PROPERTY

Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at 5

Whitlock Place, Marietta, GA by the owner of the Property (“Seller”). The Property is being

offered for sale in an “as-is, where-is” condition and Seller and Agent make no

representations or warranties as to the accuracy of the information contained in this

Offering Memorandum. The enclosed materials include highly confidential information and

are being furnished solely for the purpose of review by prospective purchasers of the

interest described herein. The enclosed materials are being provided solely to facilitate the

prospective investor’s own due diligence for which it shall be fully and solely responsible.

The material contained herein is based on information and sources deemed to be reliable,

but no representation or warranty, express or implied, is being made by Agent or Seller or

any of their respective representatives, affiliates, officers, employees, shareholders,

partners and directors, as to the accuracy or completeness of the information contained

herein. Summaries contained herein of any legal or other documents are not intended to be

comprehensive statements of the terms of such documents, but rather only outlines of

some of the principal provisions contained therein. Neither the Agent nor the Seller shall

have any liability whatsoever for the accuracy or completeness of the information contained

herein or any other written or oral communication or information transmitted or made

available or any action taken or decision made by the recipient with respect to the Property.

Interested parties are to make their own investigations, projections and conclusions without

reliance upon the material contained herein. Seller reserves the right, at its sole and

absolute discretion, to withdraw the Property from being marketed for sale at any time and

for any reason. Seller and Agent each expressly reserves the right, at their sole and

absolute discretion, to reject any and all expressions of interest or offers regarding the

Property and/or to terminate discussions with any entity at any time, with or without notice.

This offering is made subject to omissions, correction of errors, change of price or other

terms, prior sale or withdrawal from the market without notice. Agent is not authorized to

make any representations or agreements on behalf of Seller. Seller shall have no legal

commitment or obligation to any interested party reviewing the enclosed materials,

performing additional investigation and/or making an offer to purchase the Property unless

and until a binding written agreement for the purchase of the Property has been fully

executed, delivered, and approved by Seller and any conditions to Seller’s obligations

hereunder have been satisfied or waived. By taking possession of and reviewing the

information contained herein, the recipient agrees that (a) the enclosed materials and their

contents are of a highly confidential nature and will be held and treated in the strictest

confidence and shall be returned to Agent or Seller promptly upon request; and (b) the

recipient shall not contact employees or tenants of the Property directly or indirectly

regarding any aspect of the enclosed materials or the Property without the prior written

approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied

or otherwise reproduced without the prior written authorization of Seller and Agent.

PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW

PAGE 1: COVER

PAGE 2: TABLE OF CONTENTS | DISCLAIMER

Table of contents | Disclaimer Take 5


PAGE 5-6: AERIAL PHOTO

PAGE 11: DEMOGRAPHICS

Disclaimer

PAGE 4: IN THE NEWS

2

PAGE 8: LOCATION OVERVIEW

PAGE 9-10: LOCATION MAPS

Georgia Broker of Record:

Pamela Atwater | Atwater Commercial Real Estate Services

PAGE 7: SITE PLAN

SUBJECT PROPERTY PRIOR TO PANDA EXPRESS EXPANSION

TAKE 5 OIL CHANGE | www.take5oilchange.com

Headquartered in Metairie, Louisiana and founded in 1984, Take 5 Oil Change is a leading fast lube chain in the Southeastern United States, focused exclusively

on oil changes and ancillary services, including windshield wiper and air filter replacements. Since 2004, the Company has rapidly increased its footprint,

expanding from 13 to 150+ stores and becoming an industry leader in Louisiana and the Southeast through living its mission to “Change your oil, not your

schedule.”

Acquired in 2016 by Driven Brands, leading franchiser in the automotive industry, Take 5 now has access to world-class technology, purchasing power,

operational support, and resources that will accelerate growth and success. Take 5’s success stems from its niche focus of providing superior speed and best-in-

class service to consumers in a lower pressure sales environment. Customers stay in their car, are provided with a complimentary beverage and are offered a

simple list of service options. Take 5 can complete an oil change in approximately five to seven minutes of in-bay time, less than one-third the industry average.

The Company’s relentless focus on delivering high customer satisfaction has resulted in daily car counts that are 45% above the industry average, repeat

customer rates in excess of 80%, and 99% customer satisfaction rating.

The leading fast lube chain in the Gulf Coast with 150+ stores – located in Texas, Louisiana, Mississippi, Alabama, South Carolina, North Carolina, Ohio, Florida,

Oklahoma, Georgia, Arkansas, and Virginia. Expansion focus on all southeastern states. Take 5’s are corporate owned and guaranteed locations. Niche focus on

oil changes (90% of sales). Revenue per location 30% higher than industry average. 20,000+ cars annually per location. Number one of all automotive service

providers. EBITDA margins significantly exceeds industry average performance. Targeting 20+ store openings per year.

Tenant overview

Investment overview Take 5


LESSEE: Take 5, LLC

Lease Expiration: March 2027

Rent Commencement: March 2017

Initial Lease Term: 10-Years, Plus (4), 5-Year Options to Renew

Rent Increases: 10% Every 5 Years in Primary Term & Options

Year 1-5 Annual Rent (Current): $85,000

Lease Type: Absolute NNN

Year 6-10 Annual Rent: $93,500

Year 11-15 Annual Rent (Option 1): $102,850



Lease overview


PRICE: $1,417,000

CAP RATE: 6.00%

NET OPERATING INCOME: $85,000

BUILDING AREA: 2,821+ Square Feet

LAND AREA: 0.58+ Acres

YEAR BUILT | RENOVATED : 1989 | 2017

LANDLORD RESPONSIBILITY: None

OWNERSHIP: Fee Simple Interest

OCCUPANCY: 100%

3

ROFR to Purchase: Yes

Trivest Partners Complets the Sale of Take 5 Oil Change

March 30, 2016 -MIAMI--(BUSINESS WIRE)--Trivest Partners, L.P. (“Trivest”) today announced the sale of Take 5 Oil Change, Inc. (“Take 5” or the “Company”) to Roark Capital portfolio

company Driven Brands, the nation’s leading franchise automotive company with more than 2,000 locations and $2.1 billion in system sales. Take 5 represents the sixth exit event in

Trivest Fund IV and is one of its most successful investments to date.

Take 5, headquartered in New Orleans, is the fastest growing quick lube chain in the country, focused exclusively on oil changes and ancillary services, including windshield wiper and air

filter replacements. The Company maintains a niche focus of providing superior speed and best-in-class service to customers. This customer-centric approach has resulted in daily car

counts and repeat customer rates well in excess of industry averages.

Trivest Fund IV acquired Take 5 from the Company’s founder in November 2011. Trivest’s investment thesis recognized the Company’s industry leading average revenue per location and

strong profitability. Under Trivest’s ownership, Take 5 grew rapidly via a combination of same store sales growth, new store openings, store conversions, and two acquisitions, including a

transformative acquisition of 16 locations in the Dallas market. The Company was able to build density in its core Louisiana and Mississippi markets as well as enter seven additional

states, demonstrating the broad appeal of Take 5’s brand and customer value proposition. Under Trivest’s ownership, Take 5 nearly tripled its store count, sales and profitability.

Trivest was able to implement a number of value enhancing initiatives at Take 5. Trivest recruited Marc Graham, a talented automotive aftermarket industry veteran, to join the Company

as CEO in 2013. To accelerate growth, Trivest made a considerable investment in the Company’s store-level data analytics systems, streamlined Take 5’s real estate site selection

process and recruited additional executive talent. These improvements, complemented by accretive M&A, proved very successful at Take 5.

Marc Graham, Take 5’s Chief Executive Officer stated, “I am very pleased with the support and insight provided by Trivest. It is rare to find a value-added financial partner that

understands the importance of maintaining a Company’s culture while simultaneously driving continuous improvement. Achieving growth in the crowded quick lube market is challenging

and our partnership with Trivest helped support exponential Take 5 growth over the past four years.”

Russ Wilson, Trivest Partner said, “We are thrilled with all that Marc and his team have been able to accomplish. Over the past four years Take 5 has been transformed from a small

industry participant to a scalable organization with a proven business model across the Southeast. We wish the Take 5 team all the best as they continue the Company’s next phase of

growth as a member of the Driven Brands family.”

Take 5 was advised by Jefferies & Co. (financial advisor) and Akerman LLP (legal advisor).

Source: Wilson, Russ. “Trivest Partners Completes the Sale of Take 5 Oil Change.” Business Wire, 30 Mar. 2016, www.businesswire.com/news/home/20160330006097/en/Trivest-

Partners-Completes-Sale-5-Oil-Change.

IN the news Take 5


4

12,396 Stores in 43 States

Whitlock Ave “Hwy 120” (26,000 VPD)

Do Marietta High

School

(2,000 Students)

City Club Marietta

Air Force Plant 6

Marietta Middle School

West Side Elementary

AERIAL PHOTO Take 5


5

HWY 120A (40,000 VPD)

AERIAL PHOTO Take 5


6

Dave Poe’s BBQ

Hoboken Cafe

Cobb County Tax

Assessor’s Office

Harry Norman

Realtors

Whitlock Village

Lin

dley A

ve.

Pleasant Grove

Baptist Church

Site plan Take 5


7

IMMEDIATE TRADE AREA

Take 5 is situated along Whitlock Ave (26,000 VPD), which is the primary east-

west thoroughfare in Marietta, GA. The subject property is 3.5 miles west of the

Roswell St and Interstate 75 (230,000 VPD) intersection, the most heavily

travelled intersection in Marietta, GA. Marietta, GA is located approximately 15-

miles northwest from Atlanta, GA.

Traffic volumes, growth, and accessibility of the immediate trade area have

attracted numerous nationally known retail brands. The subject property is

surrounded by notable national credit tenants such as Kroger, Rite Aid, CVS,

Walgreen’s, Dollar Tree, Hibbett Sports, BP, Chevron, Starbucks, Chick-fil-A,

McDonald’s, Wendy’s, Churches Chicken, Dominos, Papa Johns, and many

more.

MARIETTA, GA / COBB COUNTY

Marietta is 15 miles northwest of Atlanta and the Cobb County seat. At 23

square miles, Marietta is one of Georgia's most populous cities, with 56,579

residents calling the city home. The National Civic League judged Marietta one

of the 10 best communities in the nation as a 2006 All-America City, the oldest

and most-respected community recognition award in the country.

CNNMoney.com named Marietta one of the top 25 places in the United States

to retire in 2011.

Over the past three decades, rapid population growth and development have

transformed Cobb County from a rural/small city landscape to a mixture of

urban and suburban land uses. Six Flags Over Georgia and the sister theme

park, White Water, play a pivotal role in the Cobb County economy. In 2014,

the two Six Flags theme parks contributed a combined economic impact of

$194 million. Four Fortune 500 companies are headquartered in Cobb County,

including The Home Depot, Coca-Cola Enterprises, Genuine Parts (NAPA) and

First Data.

Cobb County is represented by the largest employers within the borders, nearly

20,000 jobs from the county schools, 12,000 from WellStar, 12,000 from Home

Depot and 7,500 from Lockheed Martin, among others.

Location overview Take 5


ATLANTA-SANDY SPRINGS-MARIETTA, GA MSA

The Atlanta metropolitan area, or metro Atlanta, is officially designated by the

United States Census Bureau as the Atlanta-Sandy Springs-Marietta

Metropolitan Statistical Area, and is the most populous metro area in the state

of Georgia and the 9th largest metropolitan statistical area (MSA) in the United

States. In addition to Atlanta, Georgia's capital and largest city, the Atlanta

metropolitan area spans 28 counties in northern Georgia and has a total 2010

population of 5,268,860, a 28.13% increase from 2000. With a gross

metropolitan product of $270 billion, Atlanta's economy ranks 15th among world

cities and 6th in the nation. As such, a Globalization and World Cities Study

Group and Network at Loughborough University has labeled the metro Atlanta

area as an “Alpha- World City” based on how the city externally impacts the

world through advanced producer services in accountancy, advertising,

banking, finance, and law.

Several major national and international companies are headquartered in metro

Atlanta such as The Coca-Cola Company, Home Depot, United Parcel Service,

Delta Air Lines, AT&T Mobility, and Newell Rubbermaid. 4 of these companies

have Fortune 100 status. Other major corporate headquarters in Atlanta and

around the metro area include Arby's, Chick-fil-A, Earthlink, Equifax, First Data,

Gentiva Health Services, Georgia-Pacific, NCR, Oxford Industries, RaceTrac

Petroleum, Southern Company, Mirant, and Waffle House. The MSA also has

a sizable financial sector. The Federal Reserve has its district headquarters in

Atlanta and Sun Trust, the 7th largest bank in the U.S. by assets held is based

there. Also, the metro area is a major transportation hub. Hartsfield–Jackson

Atlanta International Airport, the world’s busiest airport, is located 7 miles

south of the Atlanta central business district. Interstate 75, which extends from

Tampa, FL north to Canada, passes through the center of the city. Interstates

85 and 20 also intersect in Atlanta. These amenities have lured corporations

such as Ford Motor Company, Publix, Kellog’s, Toys r Us, Office Depot, and

GE Appliance to locate major distribution centers in the area, and in the outside

of Atlanta.

8

Location map Take 5

5 Whitlock Ave. Marietta, ga

9

Atlanta

Location map Take 5

5 Whitlock Ave, Marietta, Ga

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2017 Est. Labor Population Age 16 Years or Over 5,159 41,279 139,253

2017 Est. Civilian Employed 62.3% 64.6% 67.5%

2017 Est. Civilian Unemployed 4.8% 3.7% 3.5%

2017 Est. in Armed Forces 0.1% 0.1% 0.1%

2017 Est. not in Labor Force 32.7% 31.7% 28.9%

2017 Labor Force Males 43.9% 48.5% 48.3%

2017 Labor Force Females 56.1% 51.5% 51.7%

2010 Occupation: Population Age 16 Years or Over 3,222 26,569 93,996

2010 Mgmt, Business, & Financial Operations 27.4% 17.8% 16.6%

2010 Professional, Related 28.3% 20.4% 20.4%

2010 Service 10.3% 15.7% 16.7%

2010 Sales, Office 23.5% 22.9% 24.7%

2010 Farming, Fishing, Forestry - 0.1% 0.1%

2010 Construction, Extraction, Maintenance 6.0% 14.5% 12.3%

2010 Production, Transport, Material Moving 4.4% 8.7% 9.3%

2010 White Collar Workers 79.2% 61.0% 61.7%

2010 Blue Collar Workers 20.8% 39.0% 38.3%

2010 Drive to Work Alone 79.4% 71.5% 75.6%

2010 Drive to Work in Carpool 9.1% 12.7% 11.7%

2010 Travel to Work by Public Transportation 1.5% 4.4% 3.1%

2010 Drive to Work on Motorcycle 0.1% 0.1% 0.1%

2010 Walk or Bicycle to Work 0.1% 2.2% 2.0%

2010 Other Means 0.6% 2.7% 1.9%

2010 Work at Home 9.1% 6.5% 5.7%

2010 Travel to Work in 14 Minutes or Less 25.4% 21.0% 18.5%

2010 Travel to Work in 15 to 29 Minutes 34.4% 29.5% 30.6%

2010 Travel to Work in 30 to 59 Minutes 30.9% 34.9% 36.3%

2010 Travel to Work in 60 Minutes or More 5.1% 10.4% 13.5%

2010 Average Travel Time to Work 23.0 26.2 28.1

2017 Est. Total Household Expenditure $187 M $1.15 B $3.84 B

2017 Est. Apparel $6.53 M $40.3 M $134 M

2017 Est. Contributions, Gifts $14.0 M $81.2 M $266 M

2017 Est. Education, Reading $7.93 M $46.7 M $153 M

2017 Est. Entertainment $10.6 M $64.5 M $216 M

2017 Est. Food, Beverages, Tobacco $27.8 M $175 M $585 M

2017 Est. Furnishings, Equipment $6.61 M $39.7 M $132 M

2017 Est. Health Care, Insurance $15.9 M $99.9 M $333 M

2017 Est. Household Operations, Shelter, Utilities $57.8 M $357 M $1.19 B

2017 Est. Miscellaneous Expenses $2.71 M $16.8 M $56.3 M

2017 Est. Personal Care $2.41 M $14.9 M $49.8 M

2017 Est. Transportation $34.7 M $215 M $724 M

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5 Whitlock Pl1 mi radius 3 mi radius 5 mi radius

Marietta, GA 30064

2017 Estimated Population 6,212 51,678 177,544

2022 Projected Population 6,648 55,896 191,639

2010 Census Population 6,252 49,129 163,105

2000 Census Population 6,089 47,659 148,982

Projected Annual Growth 2017 to 2022 1.4% 1.6% 1.6%

Historical Annual Growth 2000 to 2017 0.1% 0.5% 1.1%

2017 Estimated Households 2,807 19,961 67,467

2022 Projected Households 2,983 21,443 72,217

2010 Census Households 2,799 18,741 61,133

2000 Census Households 2,672 17,938 55,575

Projected Annual Growth 2017 to 2022 1.3% 1.5% 1.4%

Historical Annual Growth 2000 to 2017 0.3% 0.7% 1.3%

2017 Est. Population Under 10 Years 10.9% 13.1% 13.8%

2017 Est. Population 10 to 19 Years 9.8% 12.1% 13.1%





2017 Est. Population 75 Years or Over 12.8% 7.2% 5.1%

2017 Est. Median Age 45.5 37.6 35.3

2017 Est. Male Population 45.0% 48.9% 48.8%

2017 Est. Female Population 55.0% 51.1% 51.2%

2017 Est. Never Married 26.1% 37.2% 36.9%

2017 Est. Now Married 47.0% 40.5% 42.4%

2017 Est. Separated or Divorced 18.9% 17.0% 16.4%

2017 Est. Widowed 7.9% 5.3% 4.3%

2017 Est. HH Income $200,000 or More 12.7% 8.0% 6.3%

2017 Est. HH Income $150,000 to $199,999 6.2% 5.4% 5.5%

2017 Est. HH Income $100,000 to $149,999 17.3% 14.0% 14.3%

2017 Est. HH Income $75,000 to $99,999 14.4% 11.8% 12.5%

2017 Est. HH Income $50,000 to $74,999 17.9% 15.0% 17.8%

2017 Est. HH Income $35,000 to $49,999 9.7% 14.1% 13.6%

2017 Est. HH Income $25,000 to $34,999 6.5% 10.0% 10.5%

2017 Est. HH Income $15,000 to $24,999 6.7% 10.1% 9.4%

2017 Est. HH Income Under $15,000 8.6% 11.5% 10.1%

2017 Est. Average Household Income $92,012 $75,741 $74,548

2017 Est. Median Household Income $79,836 $61,378 $64,040

2017 Est. Per Capita Income $41,648 $29,518 $28,472

2017 Est. Total Businesses 343 4,325 9,963

2017 Est. Total Employees 2,681 45,783 117,953

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5 Whitlock Pl1 mi radius 3 mi radius 5 mi radius

Marietta, GA 30064

Demographics Take 5

5 Whitlock ave, marieta, ga

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subject property exclusive offering | $1,417,000 6.00%...

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