Meineke Car Care Center
Interested in selling your Meineke NNN property or Meineke ground lease property and wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Meineke NNN property for sale or Meineke ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the clarity needed to make informed decisions regarding the sale of your Meineke NNN property or the inclusion of a Meineke ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Meineke properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of 2024, Meineke operates approximately 900 locations across the United States and a few international markets. The brand has a broad nationwide presence, with strong concentration in major metropolitan and suburban areas.
Revenue and income
Meineke is part of Driven Brands Holdings Inc., a publicly traded automotive services company. While Meineke’s standalone revenue is not reported separately, Driven Brands generated over $2.3 billion in total revenue in 2023, with Meineke contributing significantly through its nationwide franchise network.
Future plans
Meineke plans to continue expanding through new franchise development and conversions, focusing on underserved markets and high-traffic retail corridors. The brand is also investing in digital scheduling, customer engagement tools, and operational technology to enhance service efficiency and franchisee performance.
Corporate vs. franchise
Meineke operates primarily under a franchise model, with nearly all locations franchised. Franchisees typically pay an initial franchise fee (generally around $35,000) along with ongoing royalty and marketing fees based on gross sales, consistent with industry standards.
Additional information – Meineke Properties
Meineke was founded in 1972 by Sam Meek in Houston, Texas.
The company originally focused on muffler replacement services and later expanded into full-service automotive repair and maintenance.
Meineke is a well-known automotive repair brand offering services such as brakes, oil changes, tires, exhaust, and general car care.
Meineke is headquartered in Charlotte, North Carolina, and operates as a subsidiary of Driven Brands, one of the largest automotive services platforms in North America.
Meineke History
Meineke was founded in 1972 by Sam Meek in Houston, Texas, originally operating under the name Meineke Discount Mufflers. The company focused on providing affordable, specialized exhaust services at a time when muffler replacement was a high-demand automotive need. This clear value proposition helped Meineke expand rapidly through franchising.
Over the years, Meineke evolved from a muffler-focused business into a full-service automotive repair and maintenance brand, offering brakes, oil changes, tires, and general car care services. Its continued emphasis on convenience, competitive pricing, and nationwide reach has supported long-term growth.
Today, Meineke operates hundreds of locations across the United States and is part of Driven Brands Holdings Inc., continuing to strengthen its presence through franchise expansion, technology enhancements, and broader automotive service offerings.
Why Invest in Ground Lease and NNN Lease of Meineke?
Investing in Meineke ground lease and triple net (NNN) lease properties offers several compelling advantages for real estate investors:
1) Meineke NNN Property Investment: Stable income
Meineke operates in the automotive repair and maintenance sector, a necessity-based industry that supports consistent customer demand and reliable long-term cash flow under ground lease and NNN structures.
2) Meineke NNN Property Investment: Established tenant
With more than five decades of operating history and a nationwide presence, Meineke is a well-recognized automotive service brand, helping reduce vacancy and lease default risk.
3) Meineke NNN Property Investment: Low management responsibility
In ground lease and NNN arrangements, the tenant typically covers property taxes, insurance, maintenance, and repairs, allowing for passive ownership and minimal landlord involvement.
4) Meineke NNN Property Investment: Favorable lease terms
Meineke locations often operate under long-term leases, frequently including scheduled rent escalations, which provide income stability and inflation protection.
5) Meineke NNN Property Investment: Real estate value
Meineke properties are generally located along high-visibility roads and dense suburban corridors, supporting strong underlying real estate fundamentals and potential long-term appreciation.
Pros and Cons of Meineke Ground Lease and NNN Lease Investment
Pros:
Stable income is supported by Meineke’s well-established, necessity-based automotive repair business.
A recognized national tenant helps reduce vacancy and lease default risk.
Ground lease and NNN structures typically require minimal management responsibility for landlords.
Long-term lease agreements provide income stability and potential rent growth.
Cons:
Lease renewal risk exists at the end of the lease term.
Investment performance depends on Meineke’s operational success and franchisee strength.
Competition within the automotive repair industry can impact store-level performance.
Limited landlord control over property operations and future use.
Broader economic and real estate market risks may affect long-term returns.