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Submarket Map

Take 5 Oil Change

2306 Browns Mill Rd, Johnson City, TN 37604

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Price:

CAP Rate:

NOI:

Year Built / Renovated:

Rentable SF:

Lot Size:

$1,187,000

5.90%

70,000

2022

1,421

0.47 acres

Zero Landlord Responsibilities: This asset is offered as a ground lease through a sale-leaseback structure commencing at closing. This opportunity leaves the landlord with no maintenance, insurance, or tax obligations, offering a truly passive investment.

Strong Lease Terms: The 15 year initial lease term with an additional 20 years in option periods, along with the scheduled 10% rent increases every five years, ensure long-term reliable income, cash flow stability, and a hedge against inflation over the hold period.

Attractive Low Price Point: Offered at just under $1.2 million, this investment opportunity presents a well-located asset with stable cash flows and a proven, established tenant, at a relatively low price point.

Nationally Recognized, Rapidly Growing Tenant: Take 5 Oil Change, ranked #27 on Entrepreneur’s 2025 Fastest-Growing Franchises list, operates over 1,100 locations across the U.S. and Canada. The brand continues to experience strong expansion, driven by increasing demand for quick and reliable automotive services.

Experienced Franchisee: WSM Ventures, a 2024 Franchisee of the Year nominee and one of the Top 20 Take 5 Oil Change franchisees nationally, currently operates 14 Take 5’s throughout the Southeast and has 5+ years of Take 5 operating experience.

Rapidly Growing Market: Johnson City, TN was named the #1 U.S. city people want to move to in 2025, according to moveBuddah, with supporting recognition from Travel + Leisure and Southern Living. The area benefits from strong population growth and a favorable economic outlook.

Prime Retail Corridor Location: Located on N Roan St (±22,400 VPD), and with excellent interstate access situated ±0.25 miles from I-26 (±61,700 VPD), this property is ideally located within close proximity to strong retail presences, such as Target, Kroger, TJ Maxx, Chick-fil-A, Starbucks, and the Mall at Johnson City.

For more information:

Robert Schmidt, CCIM
Director & Shareholder
(864) 678-5995
[email protected]
Peter Couchell, CCIM
Managing Director & Shareholder
(864) 678-5923
[email protected]
Lawrence Myers
Associate
864-313-2817
[email protected]

Documents

Download Offering Memorandum

Property Summary

Property Type:

Retail

Lot Size:

0.47 Acres

Year Built:

2022

Buildings:

1

Stories:

1

Investment Summary

CAP Rate:

5.90%

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Confidentiality Agreement Form

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Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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