Skip to main content

Miscellaneous

Take 5 Car Wash

113 Thornhill Dr, Fort Worth, TX 76115

Listing Price: $3,082,873

Cap Rate
5.25%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
18.8
Guarantor
Corporate Guarantee
Rentable SF
5,350
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.25

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Car Wash in Fort Worth, TX. The site consists of roughly 5,350 rentable square feet of building space on estimated 0.88-acre parcel of land. This Take 5 Car Wash is subject to a 19-year absolute triple-net (NNN) lease that will commence at the close of escrow. The current annual rent is $161,851 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • 19-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 19-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee |1,100+ Locations Backing the Lease
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Miscellaneous

Take 5 Car Wash

Listing Price: $3,082,873

Cap Rate
5.25%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
18.8
Guarantor
Corporate Guarantee
Rentable SF
5,350
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.25

Investment Highlights

  • 19-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 19-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee |1,100+ Locations Backing the Lease
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Car Wash in Fort Worth, TX. The site consists of roughly 5,350 rentable square feet of building space on estimated 0.88-acre parcel of land. This Take 5 Car Wash is subject to a 19-year absolute triple-net (NNN) lease that will commence at the close of escrow. The current annual rent is $161,851 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower