NNN Pro Group is pleased to present the exclusive listing for a Take 5 Car Wash located at 5022 South Yale Avenue. The site consists of roughly 4,020 rentable square feet of building space on estimated 0.93-acre parcel of land. This Take 5 Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commences upon the close of escrow. The current annual rent is $116,531 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
✓ Corporate Guarantee: The Leases will be subject to Corporate Guarantees by Driven Brands Inc
✓ Accelerated and Bonus Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Leases will Include 1.50% Annual Rental Increases
