Meineke NNN Properties for Sale (1 Listing)
1 active listing · Updated October 23, 2026
Meineke is a franchised car-care brand owned by Driven Brands, Nasdaq DRVN. Driven's own description puts Meineke in a segment that is almost entirely franchised. You are buying a repair shop leased to an operator, with a national sign and a local guaranty.
The asking range people commonly cite runs from the high 5s into the low 7s. Quick Facts is that commonly reported talk. It is not a sales audit. Browse properties for sale for what is on the market across brands.
Quick Facts
- Typical cap range
- 5.75–7.25%
- Lease type
- Absolute NNN is marketed often — confirm landlord duties
- Typical term
- Primary terms around 15 yr are common on new deals
- Credit
- Franchisor is public — Driven Brands (NASDAQ: DRVN); stores are franchisee credit
- Guarantee
- Franchisee — Meineke sits in Driven's franchised segment
Meineke Listings
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
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The shop
Meineke centers are small service buildings, a handful of bays, a lobby, and parking for cars in for brakes or an inspection. Another repair or tire brand can reuse them. A retailer can reuse the land after a conversion. The lease, not the bay count, decides whether you are also the roofer.
Public franchisor, private tenant
DRVN files with the SEC, which is useful context: you can see whether the franchise segment is producing royalty cash flow. You cannot see your franchisee's books in that filing. Ask the seller for them. Roark Capital is commonly described as a major holder of Driven. Roark is not your tenant. A 2026 activist approach to the company was news about the stock, not an amendment to your lease.
Comparisons
AutoZone is the corporate-credit auto box. Burger King is franchise paper with a more liquid restaurant pad. Advance Auto Parts is a public parts retailer at a wider cap for its own reasons. Meineke belongs in the file when the operator would still be financeable without the sign.
Carolinas and beyond
Driven is based in Charlotte, and the Carolinas are core territory. Texas, Florida, and Ohio are ordinary markets for the brand. A Spartanburg shop is a local service-corner underwriting: traffic, competing bays, and years left. Use the lease expiry calculator on the primary dates only.
Meineke NNN FAQs
Does Driven Brands pay a Meineke rent?
Driven Brands Holdings Inc., Nasdaq DRVN, owns the Meineke brand and says its franchise segment, which includes Meineke, Maaco, and CARSTAR, is over 99 percent franchised. The company wants royalties. The franchisee owes the rent. DRVN's leverage and its public filings tell you about the franchisor's health. They do not cash your check.
How is Meineke different from Take 5?
Both are Driven Brands names. Take 5 is the company-operated oil-change growth brand. Meineke is a franchised repair brand: brakes, exhaust, and general service, usually in a small bay building. Do not pay a company-store price for a Meineke franchise lease. The signs are siblings. The guarantors are not.
What cap rates are commonly reported?
Meineke and similar franchise repair asks are commonly reported from the high 5s into the low 7s. A multi-unit operator on a long absolute-net lease is the tight end. A single shop with landlord structure duties is the wide end. Quick Facts is that commonly reported span, not a verified median.
What should the franchise file include?
The franchisee's other locations, rent coverage, the personal or corporate guaranty, and the franchise term versus the lease term. Also a clear maintenance article. A 15-year primary term with options out decades is only as good as the person who has to exercise nothing and still pay you through year 15.
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