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Car Wash

Take 5 Car Wash

3914 Cedar Glades Dr, Murfreesboro, TN 37128

Listing Price: $5,599,881

Cap Rate
5.75%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
17.9
Guarantor
Corporate Guarantee
Rentable SF
4,980
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.66

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Take 5 Car Wash located at 3914 Cedar Glades Dr in Murfreesboro, TN. The site consists of roughly 4,980 rentable square feet of building space on estimated 1.96-acre parcel of land. This Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 24th, 2020. The current annual rent is $321,993 and is scheduled to increase by 1.85% Annually Starting in Year Y throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee Driven Brands Inc | 1,100+ Locations Backing the Lease
  • True Triple Net (NNN) Lease: No Landlord Responsibilities
  • Bonus Depreciation & Accelerated Depreciation: This Property Qualifies for Both 80% Bonus Depreciation in Year One & 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

Listing Price: $5,599,881

Cap Rate
5.75%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
17.9
Guarantor
Corporate Guarantee
Rentable SF
4,980
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.66

Investment Highlights

  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee Driven Brands Inc | 1,100+ Locations Backing the Lease
  • True Triple Net (NNN) Lease: No Landlord Responsibilities
  • Bonus Depreciation & Accelerated Depreciation: This Property Qualifies for Both 80% Bonus Depreciation in Year One & 15 Year Accelerated Depreciation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Take 5 Car Wash located at 3914 Cedar Glades Dr in Murfreesboro, TN. The site consists of roughly 4,980 rentable square feet of building space on estimated 1.96-acre parcel of land. This Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 24th, 2020. The current annual rent is $321,993 and is scheduled to increase by 1.85% Annually Starting in Year Y 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

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