Skip to main content

Miscellaneous

Take 5 Car Wash

12840 Lebanon Rd, Mt. Juliet, TN 37122

Listing Price: $3,390,355

Cap Rate
5.50%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
2,921
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.84

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.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Miscellaneous

Take 5 Car Wash

Listing Price: $3,390,355

Cap Rate
5.50%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
2,921
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.84

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.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

MM Texture Background
MM Textured Background Lower