Car Wash
Take 5 Corporate Guaranteed Car Wash
10405 County Line Rd, Spring Hill, FL 34609
Listing Price: $4,485,031
Investment Overview
Marcus & Millichap is pleased to present for sale this fee-simple, absolute net-leased Take-5 Car Wash located at 10405 Countyline Road in Spring Hill, Florida. The freestanding single-tenant property consists of a 3,445 SF building and is situated on a large 1.14-acre parcel of land.
This Take 5 Car Wash sits adjacent to a Publix anchored center and fronts County Line Road, a major East- West thoroughfare, which is highly visible to more than 17,521 vehicles per day. The immediate trade area is also home to a number of National and Regional retailers including but not limited to Publix,
Walgreens, Starbucks, McDonald’s, AutoZone, Jiffy Lube, Applebee’s, BBVA Bank, and many more.
The tenant initially executed a 20-year lease and currently has 19-years of
initial term remaining with attractive 2 percent annual increases commencing
in 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.
Take 5 Corporate Guaranteed Car Wash
Investment Highlights
- Corporate Guarantee | Driven Brands Inc – 1,100+ Locations
- Absolute NNN | Zero Landlord Responsibility
- Property Qualifies for Bonus Depreciation
- Average Household Income in a 1 Mile Radius Exceeds $73,000
- 19 Years of Initial Term Remaining
- Florida is an Income Tax Free State
Listing Price: $4,485,031
Investment Highlights
- Corporate Guarantee | Driven Brands Inc – 1,100+ Locations
- Absolute NNN | Zero Landlord Responsibility
- Property Qualifies for Bonus Depreciation
- Average Household Income in a 1 Mile Radius Exceeds $73,000
- 19 Years of Initial Term Remaining
- Florida is an Income Tax Free State
Investment Overview
Marcus & Millichap is pleased to present for sale this fee-simple, absolute net-leased Take-5 Car Wash located at 10405 Countyline Road in Spring Hill, Florida. The freestanding single-tenant property consists of a 3,445 SF building and is situated on a large 1.14-acre parcel of land. This Take 5 Car Wash sits adjacent to a Publix anchored center and fronts County Line Road, a major East- West thoroughfare, which is highly visible to more than 17,521 vehicles per day. The immediate trade area is also home to a number of National and Regional retailers including but not limited to Publix, Walgreens, Starbucks, McDonald’s, AutoZone, Jiffy Lube, Applebee’s, BBVA Bank, and many more. The tenant initially executed a 20-year lease and currently has 19-years of initial term remaining with attractive 2 percent annual increases commencing in 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.
