Secure Properties Acquires 15-Property Portfolio Operated Under Long-Term Sale-Leaseback With Driven Brands; Financial Terms Not Disclosed

Driven Brands Holdings, Inc. +0.08%

Driven Brands Holdings, Inc.

DRVN

12.34

+0.08%

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.