Skip to main content

Car Wash

Take 5 Car Wash

1710 W Main St, Lebanon, TN 37087

Listing Price: $6,393,254

Cap Rate
6.00%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
17.6
Guarantor
Corporate Guarantee
Rentable SF
11,225
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.17

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for this Take 5 Car Wash located at 1710 W Main St in Lebanon, TN. The site consists of roughly 11,225 rentable square feet of building space on estimated 2.20-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 $383,595 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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Car Wash

Take 5 Car Wash

Listing Price: $6,393,254

Cap Rate
6.00%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
17.6
Guarantor
Corporate Guarantee
Rentable SF
11,225
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.17

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 1710 W Main St in Lebanon, TN. The site consists of roughly 11,225 rentable square feet of building space on estimated 2.20-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 $383,595 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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

MM Texture Background
MM Textured Background Lower