Secure Net Lease Facilitates Sale of Take 5 Oil Change in Lumberton, TX
Texas-Based Private Investor Acquires Freestanding Oil Change Property
Secure Net Lease has successfully completed the sale of a freestanding Take 5 Oil Change located in Lumberton, Texas. The property was acquired by a Texas-based private investor with an existing portfolio of 40 Take 5 Oil Change locations, reflecting the continued strength of investor demand for net lease assets with established quick-service operators in growing suburban markets.
Graham Hickey, who represented the seller, shared, “Proud to have represented the seller in the sale of this Take 5 Oil Change. Great to see this transaction come together successfully,” Hickey concluded.
The 1,438-square-foot property is situated along Hwy 69 and FM 421, which serves as the primary commercial corridor for Lumberton. The site benefits from prime visibility and direct access to a signalized intersection with approximately 24,000 vehicles per day, as well as outstanding accessibility supported by demand from neighboring national retailers. The property is positioned adjacent to a Walmart Supercenter that draws more than 1.6 million visitors annually and is surrounded by strong national co-tenants including Starbucks, Burger King, CVS, and Subway, creating a retail environment anchored by essential services and consistent repeat-use traffic.
The property is structured as an Absolute NNN lease with 12 years remaining on a 15-year term, featuring 10% rent increases every five years and three 5-year renewal options. Lumberton has experienced more than 10% population growth since 2015 and continues to benefit from suburban migration out of Beaumont. The trade area offers an 81% homeownership rate and a median household income exceeding $104,000, reflecting a stable and growing consumer base.
Take 5 Oil Change has rapidly emerged as one of the most recognized tenants in the automotive net lease space, having surpassed 400 franchise locations nationwide. In 2024 alone, the brand added 100 new franchise locations, effectively doubling its footprint over the past two years. Take 5 has also begun expanding internationally, with a new location opened in Brantford, Ontario and additional growth planned in Puerto Rico. Its ranking at #27 on Entrepreneur’s Fastest-Growing Franchises list further reflects the brand’s momentum and the strong investor demand for its net lease assets.
This transaction further demonstrates Secure Net Lease’s ability to connect motivated investors with quality net lease investments in growing suburban markets. Despite a prolonged due diligence process, the firm was able to successfully bring the transaction to a close for all parties involved.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
