TAKE 5 OIL CHANGE, WAYNESBORO

Investment Overview

This absolute triple-net ground lease is located along Waynesboro’s Rosser Avenue, directly adjacent to Exit 94 along Interstate 64. The property is part of Waynesboro’s primary commercial corridor, experiencing traffic counts of 29,000 vehicles per day along Rosser Avenue, and is supplied by an additional 49,000 vehicles that pass through the interstate daily. The site is situated in a robust local market home to high-profile national tenants such as Walmart, Chipotle, and Texas Roadhouse. The triple-net status of this lease affords the buyer a zero-responsibility arrangement, with no real estate tax, property insurance, utility, or maintenance fees required of the buyer. A recurring 10% rent escalation is included every five years through the standing 15-year lease term, with the next escalation planned for August of 2027. This is backed by a reliable guaranty from the franchisor, Quick Lube of Carolina, LLC, that further strengthens the backing for investment. Lease expiration is July 31, 2027.

Investment Highlights

• Absolute NNN Ground Lease with 2027 NOI Escalation– This site operates under an absolute triple-net ground lease and requires zero responsibility from the landlord for real estate tax, property insurance, utility, and site maintenance. A 10% rent escalation every five years through the initial term is included in the lease agreement, with the next escalation planned for August of 2027.
• High Visibility Frontage – The site is situated along Rosser Avenue / U.S. Route 340, which experiences a daily traffic count of 29,000 vehicles per day and is adjacent to Interstate 64, which supplies an additional 43,000 vehicles per day to the area.
• A Strong Local Market – This site is outparcel to Waynesboro Marketplace and shares a market corridor with major national retailers and restaurant options. Tenants such as Chipotle, Aspen Dental, Sheetz, Popeyes, and Texas Roadhouse, and a Walmart Supercenter are within immediate reach of the property, with over a dozen more national options in the surrounding area.
• Proven Franchise Backing – Take 5 is one of the fastest-growing quick-lube franchises in North America. The local operator, Quick Lube of Carolina, LLC (d/b/a EB Partners, LLC), is the largest Take 5 franchisee by store count and was named Take 5 Franchise of the Year. The guarantor’s multiunit operating history and the franchisor’s national brand recognition provide strong credit backing for this investment.