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.
net lease assetsfinancial
Net lease assets are properties leased to tenants under agreements where the tenant pays rent plus some or all of the property’s operating costs (like taxes, insurance, or maintenance). For investors, these assets act like long-term, low-hassle income sources because the landlord receives predictable rent while shifting many variable expenses to the tenant—similar to renting a car where the renter also covers fuel and upkeep, reducing the owner’s unexpected costs.
nnn leasefinancial
A nnn lease, also called a triple-net lease, is a commercial rental arrangement where the tenant pays base rent plus most property expenses — typically taxes, insurance, and maintenance — instead of the landlord. For investors, it matters because it creates a more predictable income stream and lowers the landlord’s day-to-day cost risk, similar to renting out a furnished apartment where the tenant also covers utilities and repairs; however, returns depend heavily on the tenant’s reliability and long-term property upkeep.
NEW YORK--(BUSINESS WIRE)--
Secure Properties (“Secure”), a leading real estate investment firm specializing in net lease assets, announced today that it has acquired a 15-property portfolio operated under the Take 5 Oil Change banner through a direct, long-term sale-leaseback with Driven Brands (NASDAQ: DRVN). The portfolio spans high-growth markets across the South and Midwest and represents a meaningful expansion of Secure’s presence in the automotive services category.
The assets serve as essential operating locations for Take 5 Oil Change, one of the fastest-growing quick-lube service providers in the United States. Each property is backed by a new long-term NNN lease, aligning with Secure’s strategy of investing in durable, operationally essential real estate that supports category-leading operators.
“This acquisition reflects the continued growth of our platform and our focus on building long-term partnerships with leading operators,” said Brian Mansouri, Managing Principal & Chief Investment Officer of Secure Properties. “We’ve built Secure to be a reliable, efficient capital partner for multi-site operators like Driven Brands, and this portfolio is another step forward as we continue to scale.”
This acquisition reinforces Secure’s broader strategy of scaling its mission-critical and service-oriented portfolio. The firm continues to target essential, high-margin operating businesses with strong brand positioning and durable cash flows.
The transaction was brokered by Eddie Otocka of Surmount, who facilitated the sale-leaseback on behalf of the seller and coordinated the multi-market execution.
About Take 5 Oil Change / Driven Brands
Take 5 Oil Change is one of the fastest-growing quick-lube service chains in the United States, offering a unique “stay-in-your-car” model and operating a rapidly expanding national footprint. Driven Brands is a leading automotive services company with more than 5,000 locations across North America.
About Secure Properties
Secure Properties is a real estate investment firm focused on acquiring and managing high-quality assets through a range of institutional, joint venture, and private capital structures. With a growing national footprint, Secure Properties leverages deep market expertise, long-standing relationships, and flexible capital solutions to deliver attractive, risk-adjusted returns for its partners.
