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Car Wash

Take 5 Car Wash

3521 S Broadway, Edmond, OK 73013

Listing Price: $4,765,158

Cap Rate
5.75%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
17.9
Guarantor
Corporate Guarantee
Rentable SF
4,899
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.93

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for this Take 5 Car Wash located at 3521 S Broadway in Edmond, OK. The site consists of roughly 4,899 rentable square feet of building space on estimated 1.35-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 $273,997 and is scheduled to increase by 1.85% Annually Starting in Year 7 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

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Car Wash

Take 5 Car Wash

Listing Price: $4,765,158

Cap Rate
5.75%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
17.9
Guarantor
Corporate Guarantee
Rentable SF
4,899
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.93

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 this Take 5 Car Wash located at 3521 S Broadway in Edmond, OK. The site consists of roughly 4,899 rentable square feet of building space on estimated 1.35-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 $273,997 and is scheduled to increase by 1.85% Annually Starting in Year 7 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

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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