Property Description
About the Investment:
Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
Corporate Guarantee from Driven Brands Funding, LLC (3,500+ Units)
Attractive Rental Increases | 1.50% Annually Starting Year 2
Four (4), Five (5)-Year Tenant Renewal Options
About the Tenant / Brand:
Investment Grade (S&P: BBB-) | Driven Brands
Over 4,600 locations throughout the U.S. and Canada
Driven Brands is a leader in the automotive aftermarket industry and parent
company of Take 5 Oil Change, Meineke, Maaco, CARSTAR, 1-800 Radiator, and
many more
Over $5 Billion in Sales System Wide