Real Estate Investment Firm Acquires 15-Location Take 5 Oil Change Portfolio

Secure Properties, a real estate investment firm that specializes in net lease assets, announced on Tuesday that it has acquired a 15-property Take 5 Oil Change portfolio from Driven Brands through a direct, long-term sale-leaseback agreement.

The stores are located in the South and Midwest. Each property is backed by a new long-term NNN lease—an agreement in which the tenant pays base rent, plus property taxes, building insurance, and maintenance.

“This acquisition reflects the continued growth of our platform and our focus on building long-term partnerships with leading operators,” Brian Mansouri, managing principal & chief investment officer of Secure Properties, said in a news release.

“We’ve built Secure to be a reliable, efficient capital partner for multi-site operators like Driven Brands, and this portfolio is another step forward as we continue to scale.”