The Take 5 Oil Change property at 330 NE 291 Hwy in Lee’s Summit, Missouri is strategically positioned along Route 291, which carries approximately 30,130 vehicles per day. The property is also within close proximity to U.S. Highway 50, which carries approximately 73,000 vehicles per day, and Interstate 470, which carries approximately 42,000 vehicles per day. Nearby national retailers include Walmart Supercenter, Sprouts Farmers Market, Hy-Vee Grocery, At Home, Ace Hardware, Starbucks, Chase Bank, O’Reilly Auto Parts, KFC, McDonald’s, Chipotle, Hobby Lobby, Dollar Tree, PetSmart, AutoZone, Five Guys, and IHOP. The property is situated between Lee’s Summit North High School, which enrolls approximately 2,000 students, and Lee’s Summit High School, which also enrolls approximately 2,000 students. Prairie View Elementary School, with approximately 705 students, is also nearby. The population within five miles of the property exceeds 93,000 residents. The average household income within five miles is approximately $127,000. Lee’s Summit, Missouri had a 2020 census population of 101,108, making it the sixth-largest city in the Kansas City metropolitan area. The Kansas City MSA is ranked 31st in the United States by population, with an estimated 2,209,152 residents. The Kansas City MSA’s cost-of-living index is approximately 92% of the national average, and its per capita personal income exceeds $64,000.
Randy Blankstein, Jimmy Goodman and John Feeney of The Boulder Group represented the seller in the transaction. The seller was a Take 5 Oil Change operator who executed a sale leaseback of the newly constructed property. The buyer was a Texas-based investor.
The lease is structured as an absolute triple net (NNN) lease with zero landlord responsibilities. The lease commenced at close of escrow with a 15-year primary term. The lease includes 10% rental escalations every five years throughout the primary term. The tenant has five 5-year renewal options, providing a potential total occupancy period of 40 years. The annual net operating income is $135,000. The absolute NNN structure requires the tenant to be responsible for all property taxes, insurance, and maintenance expenses.
Take 5 Oil Change is a quick-service automotive maintenance brand headquartered in Charlotte, North Carolina, and operates as a subsidiary of Driven Brands Holdings Inc., which is the largest automotive aftermarket services company in North America. The brand was founded in 1984 in Metairie, Louisiana and pioneered a stay-in-your-car oil change model that allows customers to receive service in approximately five minutes without leaving their vehicles. Take 5 Oil Change offers oil changes, air filter replacements, wiper blade installations, tire rotations, and fluid checks across more than 1,200 company-owned and franchised locations in over 20 U.S. states and Canada. The company employs approximately 2,649 people. The parent company, Driven Brands Holdings Inc., carries an investment-grade credit rating. The franchisee tenant, Driven Assets, LLC, currently operates seven locations in the Kansas City metro area and holds exclusive rights to operate 16 locations in the market.
“Investor demand for net leased automotive service properties continues to strengthen as buyers recognize the e-commerce resistant nature of the quick-lube sector and the essential service it provides,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “This new construction Take 5 Oil Change in Lee’s Summit, Missouri attracted significant interest due to its 15-year absolute NNN lease, 10% rental escalations, and positioning along Route 291 with over 30,000 vehicles per day.” John Feeney, Senior Vice President of The Boulder Group, noted, “The buyer was attracted to the long-term passive income stream with zero landlord responsibilities, the new construction quality, and the strong demographics of the Lee’s Summit submarket within the Kansas City MSA.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $11 billion of single tenant net lease real estate transactions. From 2013–2025, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both CoStar and MSCI Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
More info: www.bouldergroup.com
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