Miscellaneous
Take 5 Car Wash
12840 Lebanon Rd, Mt. Juliet, TN 37122
Listing Price: $3,390,355
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Car Wash in Mt Juliet, TN. The site consists of roughly 2,921 rentable square feet of building space on estimated 1.00-acre parcel of land. This Take 5 Car Wash is subject to a 20-year absolute triple-net (NNN) lease that will commence at the close of escrow. The annual rent is $186,470 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Take 5 Car Wash
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
Listing Price: $3,390,355
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
Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Car Wash in Mt Juliet, TN. The site consists of roughly 2,921 rentable square feet of building space on estimated 1.00-acre parcel of land. This Take 5 Car Wash is subject to a 20-year absolute triple-net (NNN) lease that will commence at the close of escrow. The annual rent is $186,470 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
