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Miscellaneous

Take 5 Car Wash

2183 Eastern Ave, Gallipolis, OH 45631

Listing Price: $2,765,948

Cap Rate
5.50%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
3,834
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.68

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Car Wash in Gallipolis, OH. The site consists of roughly 3,384 rentable square feet of building space on estimated 0.87-acre parcel of land. This Take 5 Car Wash is subject to a 20-year absolute triple-net (NNN) lease that commences upon the close of escrow. The annual rent is $152,127 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

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-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

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Miscellaneous

Take 5 Car Wash

Listing Price: $2,765,948

Cap Rate
5.50%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
3,834
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.68

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-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

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Car Wash in Gallipolis, OH. The site consists of roughly 3,384 rentable square feet of building space on estimated 0.87-acre parcel of land. This Take 5 Car Wash is subject to a 20-year absolute triple-net (NNN) lease that commences upon the close of escrow. The annual rent is $152,127 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

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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