Meineke | 15 Year NNN | Indianapolis
Kroger Shadow Anchor
Indianapolis, Indiana
$1,536,000
Price
6.25%
Cap Rate
$96,000
NOI
Meineke Car Care Centers, founded in 1972 in Houston, Texas, is one of the most recognized automotive service brands in the United States. Originally built around exhaust and muffler repair, Meineke has steadily broadened its service offering to include oil changes, brakes, tires, batteries, alignment, air conditioning, and comprehensive maintenance services. Today, Meineke operates more than 900 locations across the United States and internationally, functioning exclusively through a franchised model.
Meineke is a wholly owned subsidiary of Driven Brands, Inc. (DRVN), the largest automotive aftermarket services company in North America by number of locations. Driven Brands carries a credit rating of BBB- from S&P, reported 2024 revenue of $2.34 billion, and held $5.26 billion in total assets. Its portfolio of brands also includes Maaco, Take 5 Oil Change, and Take 5 Car Wash, giving it a vertically integrated presence across vehicle maintenance and appearance services.
Advisors
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