What did CrownPoint Partners announce about the Take 5 Oil Change property related to Driven Brands (NASDAQ: DRVN)?

CrownPoint Partners announced it represented a buyer in acquiring a Take 5 Oil Change ground lease in Panama City Beach. According to CrownPoint Partners, the property has a 20-year absolute ground lease with rent increases and renewal options, supporting long-term income stability.

CrownPoint Partners Facilitates Acquisition of Take 5 Ground Lease in Panama City Beach, FL

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Very Positive)

Rhea-AI Summary

CrownPoint Partners represented a West Coast private investor in acquiring a Take 5 Oil Change ground lease at 11858 Panama City Beach Parkway, Panama City Beach, Florida, fulfilling the buyer’s 1031 exchange after selling two Southern California rentals. The brand-new 1,430 sq. ft. facility sits on 1.33 acres at a signalized intersection on U.S. Highway 98 and is backed by a 20-year absolute ground lease with a corporate guaranty, 10% rent increases every five years, and four five-year renewal options.

The site is part of a new development that also includes McDonald’s, Panera Bread and PenAir Federal Credit Union, and benefits from approximately 50,000 vehicles per day, 14 million annual visitors, nearby national retailers, a 55+ community and a 1,600+ student high school. According to CrownPoint Partners, Panama City Beach and Bay County have shown strong recent and projected population growth. Take 5 Oil Change, operating under the Driven Brands (NASDAQ: DRVN) platform, has expanded to more than 1,000 U.S. locations. CrownPoint highlights this transaction as evidence of its net-lease advisory capabilities nationwide.

News Market Reaction – DRVN

-1.29%

1 alert

-1.29% Session close to close

$2.43B Market Cap

0.1x Rel. Volume

In the Jul 21 session, DRVN declined 1.29%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Comparable acquisition records for DRVN were -0.89% and +0.07%, providing mixed historical context. ...

Analysis

Comparable acquisition records for DRVN were -0.89% and +0.07%, providing mixed historical context. The announcement can be assessed alongside that record, while moderate short positioning is a risk factor to monitor.

Key Figures

Property Size: 1,430 square feet Land Area: 1.33 acres Ground Lease Term: 20 years +5 more

8 metrics

Property Size 1,430 square feet Take 5 Oil Change property

Land Area 1.33 acres Panama City Beach property

Ground Lease Term 20 years Absolute ground lease with corporate guaranty

Rental Increases 10% every five years Ground lease terms

Renewal Options Four five-year options Ground lease terms

Daily Traffic Approximately 50,000 vehicles per day U.S. Highway 98 location

Annual Visitors Approximately 14 million Panama City Beach

Take 5 Locations More than 1,000 locations Nationwide Driven Brands platform

Previous Acquisition Reports

2 past events · Latest: Jan 13 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 13	Take 5 portfolio acquisition	Positive	-0.9%	Take 5 portfolio acquired through long-term sale-leaseback with Driven Brands.
Dec 02	IMO Car Wash acquisition	Positive	+0.1%	Agreement announced to acquire IMO Car Wash portfolio from Driven Brands.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The two tag-matched acquisition events produced mixed reactions, with an average 24-hour move of -0.41%.

Key Terms

1031 exchange, ground lease, corporate guaranty, sale-leaseback

4 terms

1031 exchange financial

"fulfilled the Buyer's 1031 Exchange Requirement after selling two rental properties"

A 1031 exchange is a U.S. tax rule that lets an investor swap one investment property for another similar property and delay paying capital gains tax on the sale. Think of it like trading one house for another without cashing out: by postponing the tax bill, investors can keep more money working in real estate, which affects cash flow, reinvestment decisions, and long‑term returns.

ground lease financial

"secured by a 20 year absolute ground lease with corporate guaranty"

A ground lease is a long-term agreement where someone rents land from the owner, often for many decades. The person renting can build on or develop the land, but they don’t own it outright; the land remains owned by someone else. This matters because it affects how property is used and who benefits from its future value.

corporate guaranty financial

"absolute ground lease with corporate guaranty, featuring 10% rental increases"

A corporate guaranty is a legally binding promise by one company to pay another party’s debt or meet an obligation if the original borrower fails to do so. It matters to investors because it lowers the counterparty risk of a deal—like a backup battery that kicks in when the main power fails—but also shifts potential liabilities onto the guarantor’s balance sheet, which can affect that company’s credit strength, cash flow and shareholder value.

sale-leaseback financial

"recognized experts in Commercial Real Estate and Sale-Leaseback transactions"

A sale-leaseback is a deal where an owner sells an asset—commonly real estate or equipment—to another party and immediately rents it back so they can keep using it. For investors, it matters because the seller converts a fixed asset into cash without disrupting operations, which can boost liquidity or pay down debt but also creates ongoing lease payments and long-term obligations that affect cash flow and the balance sheet.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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07/21/2026 - 09:50 AM

PANAMA CITY BEACH, Fla., July 21, 2026 /PRNewswire/ -- CrownPoint Partners is pleased to announce the successful acquisition of a Take 5 Oil Change ground lease located at 11858 Panama City Beach Parkway in Panama City Beach, Florida. CrownPoint Partners represented the West Coast based Buyer in the transaction, a repeat client. This property successfully fulfilled the Buyer's 1031 Exchange Requirement after selling two rental properties in Southern California.

Take 5 - Panama City Beach, FL

The investment consists of a brand new, 1,430 square foot Take 5 Oil Change situated on 1.33 acres at the signalized intersection of U.S. Highway 98 and North Alf Coleman Road. The property is secured by a 20 year absolute ground lease with corporate guaranty, featuring 10% rental increases every five years and four five-year renewal options. The property is the fourth installment of a brand new development in Panama City Beach also featuring a McDonald's, Panera Bread, and PenAir Federal Credit Union.

Strategically positioned along Panama City Beach Parkway (U.S. 98), which carries approximately 50,000 vehicles per day, the property benefits from exceptional visibility within one of Florida's fastest-growing coastal markets. The site is surrounded by national retailers including Lowe's, CVS, Publix, Starbucks, Chick-fil-A, Home Depot, AutoZone, and Whataburger, while also serving a rapidly expanding residential population and approximately 14 million annual visitors to Panama City Beach. The site also sits in front of a large 55+ retirement facility and J.R. Arnold High School, which boasts 1,600+ students.

CrownPoint's Managing Partner and Co-Founder, Shannon Bona is local to the area and states "Panama City Beach remains one of the fastest growing areas of Bay County and Florida. Population grew 10% between 2020 and 2024 with a projected growth rate of 16% by 2030. Bay County itself is ranked number two in the entire country for largest percentage growth from 2023 to 2024."

Bona continues, "It was easy for me to convey this location's strength to my client who resides in California because I am witnessing this rapid expansion to the local economy day in and day out. He is very excited to own a parcel in the heart of this robust community."

Take 5 Oil Change parallels Panama City Beach's strength by continuing to be one of the fastest-growing brands in the quick-service automotive sector. Operating under the Driven Brands platform (NASDAQ: DRVN), the company has expanded to more than 1,000 locations nationwide and continues to benefit from strong consumer demand for essential vehicle maintenance services.

This acquisition further demonstrates CrownPoint Partners' expertise in representing private investors in the acquisition of high-quality net lease assets throughout the United States, especially those areas that its partners are intimately familiar with.

About CrownPoint Partners
CrownPoint Partners is a national real estate brokerage and advisory firm with offices in West Palm Beach, Florida, and Newport Beach, California. The firm is led by principals Julius Swolsky, Shannon Bona, and Don Bingham, recognized experts in Commercial Real Estate and Sale-Leaseback transactions. Leveraging decades of experience in investment sales, development, and institutional banking, CrownPoint provides services at every stage of the investment journey.

CrownPoint's client base spans REITs and institutions, private equity, developers, business owners, and private investors. CrownPoint's Net Lease Investments and Sale-Leaseback platforms offer tailored solutions with specializations in investment sales, acquisitions, corporate expansion, value optimization, and unique ways to unlock capital.

Committed to consistency, transparency, and responsible investment practices, CrownPoint builds lasting partnerships and helps clients achieve their long-term financial goals. Visit: www.crownpoint.co.

For media inquiries, please contact:

Candice Harris
Executive Administrator
480.217.8128 | candice@crownpoint.co

Office Locations

260 Newport Center Drive, Suite 100 | Newport Beach, CA 92660

700 S Rosemary Square, Suite 204 | West Palm Beach, FL 33401

www.crownpoint.co

View original content to download multimedia:https://www.prnewswire.com/news-releases/crownpoint-partners-facilitates-acquisition-of-take-5-ground-lease-in-panama-city-beach-fl-302830938.html

SOURCE CrownPoint Partners

FAQ

What are the key lease terms of the Take 5 Oil Change ground lease in Panama City Beach, FL?

The Take 5 Oil Change property is secured by a 20-year absolute ground lease with a corporate guaranty. According to CrownPoint Partners, the lease provides 10% rental increases every five years and includes four additional five-year renewal options for the tenant.

How does the Panama City Beach Take 5 Oil Change acquisition relate to a 1031 exchange for the buyer?

The acquisition satisfied the buyer’s 1031 exchange requirement after selling two Southern California rental properties. According to CrownPoint Partners, the investor exchanged into this net-lease Take 5 Oil Change ground lease to defer taxes while repositioning capital into a Florida coastal market asset.

Where is the new Take 5 Oil Change ground lease located and what surrounds the site?

The Take 5 Oil Change is at 11858 Panama City Beach Parkway on U.S. Highway 98 in Panama City Beach. According to CrownPoint Partners, it sits near national retailers, a 55+ retirement facility, a 1,600+ student high school, and draws traffic from about 14 million annual visitors.

How does this Take 5 Oil Change ground lease acquisition reflect growth for Driven Brands (DRVN)?

The transaction highlights a ground-leased Take 5 Oil Change operated under the Driven Brands platform, not a DRVN-led purchase. According to CrownPoint Partners, Take 5 Oil Change has expanded to more than 1,000 locations nationwide, indicating network growth within Driven Brands’ portfolio.

Why is the Panama City Beach market important for the Take 5 Oil Change ground lease investment?

Panama City Beach is described as one of Bay County’s fastest-growing areas, supporting the site’s demand. According to CrownPoint Partners, local population grew 10% from 2020–2024, with projected 16% growth by 2030 and strong tourism of roughly 14 million visitors annually.