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Car Wash

Take 5 Car Wash

1017 N Saginaw Blvd, Saginaw, TX 76179

Listing Price: $7,313,088

Cap Rate
5.75%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
17.9
Guarantor
Corporate Guarantee
Rentable SF
5,142
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$81.78

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for this Take 5 Car Wash located at 1017 N Saginaw Blvd in Saginaw, TX. The site consists of roughly 5,142 rentable square feet of building space on estimated 1.17-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 $420,503 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.

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

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Car Wash

Take 5 Car Wash

Listing Price: $7,313,088

Cap Rate
5.75%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
17.9
Guarantor
Corporate Guarantee
Rentable SF
5,142
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$81.78

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 1017 N Saginaw Blvd in Saginaw, TX. The site consists of roughly 5,142 rentable square feet of building space on estimated 1.17-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 $420,503 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.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

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