Investment Overview

Marcus & Millichap is pleased to present for sale this fee-simple, absolute net-leased Take-5 Car Wash located at 8715 OH-66 N in Defiance, Ohio about 55 miles southwest of Toledo, Ohio and 47 miles northeast of Fort Wayne, Indiana. The freestanding single-tenant property consists of a 3,808 SF building and is situated on a 1-acre parcel of land. This Take 5 Car Wash sits as an outparcel to a Kohl’s Department store and fronts SR-66 (OH-66), a main North-South thoroughfare, which sees vehicle counts in excess of 13,432 per day. The property also sits within the area’s main retail corridor which is home to Tractor Supply Co., Menards, Harbor Freight Tools, Captain D’s, Ashley Store, Buffalo Wild Wings, Meijer, Walmart Super Center, Chipotle, Advance Auto Parts, Walgreens, Bob Evans, Lowes’, McDonald’s, Burger King, Aldi, and numerous other National and Regional retailers. Located a few minutes from this the property is Defiance College with 479 enrolled students and Northwest State Community College with over 6,700 enrolled students. Also nearby is ProMedica Defiance Hospital, a public hospital which is part of the ProMedica Health System, offering services in Emergencies, Cancer Care, Rehab, Surgery Center, Laboratory, Radiology, and Orthopedics. There are numerous apartment complexes surrounding the property including Wooded Acres Apartments, Belden Circle Apartments, Ralston Square Apartments (50 units), Kettering Hills Apartments (24 units), Island parkway Manor (45 units), Upton Heights, and Arlington Place. The tenant initially executed a 20-year lease and currently has 19-years of initial term remaining with attractive 2 percent annual increases commencing January of 2029. Driven Brands Car Wash is the world’s largest local car wash operator. Driven Brands entered the car wash industry in 2020 with the acquisition of International Car Wash Group. Driven Brands operates over 1,100 locations in 14 countries across US, Europe and Australia, with over 350 locations in the United States. The Company was founded in Germany in 1965 under the IMO brand, the name still used at its non-US locations. Driven Brands Carwash is a member of Driven Brands, the largest automotive services company in North America.