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Stock impact report

Secure Properties Acquires 15-Property Take 5 Oil Change Portfolio Sale-Leaseback with Driven Brands

Driven Brands Holdings Inc. (DRVN) 
Company Research Source: Business Wire
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 & Show less Read more
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