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Car Wash

Take 5 Car Wash Ground Lease

6004 N Mesa St, El Paso, TX 79912

Listing Price: $2,523,000

Cap Rate
5.35%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
14.3
Gross SF
4,162
Guarantor
Corporate Guarantee
Rentable SF
4,162
Price/Gross SF
$606.20
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.44

Investment Overview

Marcus & Millichap is pleased to present for sale Take 5 Car Wash in El Paso, Texas. Take 5 was founded in 1984 under the name “Rapid Oil Change,” offering quick oil changes, minor repairs, and other maintenance services. Take 5 has over 1,000 locations nationwide, including approximately 360 car wash locations. According to Take 5’s parent company, Driven Brands, the Take 5 chain is positioned to more than double its footprint over the next three to four years.

El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Driven Brands (NASDAQ: DRVN), the Largest Automotive Services Company in North America
  • 173,453 Residents Within a Five Mile Radius - Growing El Paso Trade Area
  • High-Quality 2023 Construction
  • Located at a High Traffic Intersection with Over 57,000 Cars per Day at the Corner of Sunland Park Drive/Shadow Mountain Drive and North Mesa Street
  • Surrounded by National Tenants: Burlington, Harbor Freight Tools, Starbucks, Taco Bell, Goodwill, and More
  • Average Household Income Exceeds $94,000 within a Three Mile Radius

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Car Wash

Take 5 Car Wash Ground Lease

Listing Price: $2,523,000

Cap Rate
5.35%
Tenant Name
Take 5 Car Wash
Years Remaining On Lease
14.3
Gross SF
4,162
Guarantor
Corporate Guarantee
Rentable SF
4,162
Price/Gross SF
$606.20
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.44

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Driven Brands (NASDAQ: DRVN), the Largest Automotive Services Company in North America
  • 173,453 Residents Within a Five Mile Radius - Growing El Paso Trade Area
  • High-Quality 2023 Construction
  • Located at a High Traffic Intersection with Over 57,000 Cars per Day at the Corner of Sunland Park Drive/Shadow Mountain Drive and North Mesa Street
  • Surrounded by National Tenants: Burlington, Harbor Freight Tools, Starbucks, Taco Bell, Goodwill, and More
  • Average Household Income Exceeds $94,000 within a Three Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale Take 5 Car Wash in El Paso, Texas. Take 5 was founded in 1984 under the name “Rapid Oil Change,” offering quick oil changes, minor repairs, and other maintenance services. Take 5 has over 1,000 locations nationwide, including approximately 360 car wash locations. According to Take 5’s parent company, Driven Brands, the Take 5 chain is positioned to more than double its footprint over the next three to four years. El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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