Car Wash
Take 5 Car Wash
1900 W University Dr, Denton, TX 76201
Listing Price: $7,433,647
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for this Take 5 Car Wash located at 1900 W University Dr in Denton, TX. The site consists of roughly 4,311 rentable square feet of building space on estimated 1.36-acre parcel of land. This Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 28th, 2020. The current annual rent is $427,435 and is scheduled to increase by 1.85% Annually Starting in Year 7 and continuing throughout the base term and in each of the 4, 5-year renewal options.
Take 5 Car Wash
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
Listing Price: $7,433,647
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 1900 W University Dr in Denton, TX. The site consists of roughly 4,311 rentable square feet of building space on estimated 1.36-acre parcel of land. This Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 28th, 2020. The current annual rent is $427,435 and is scheduled to increase by 1.85% Annually Starting in Year 7 and continuing throughout the base term and in each of the 4, 5-year renewal options.
