Take 5 Car Wash
West Lafayette, Indiana
Image gallery
Map View
Street View
NNN Pro Group is pleased to present the exclusive listing for a Take 5 Car Wash located at 3451 North Main Street in Fuquay Varina, NC. The site consists of roughly 4,057 rentable square feet of building space on estimated 1.09-acre parcel of land. This Take 5 Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $220,000 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
Talk to the pros
Similar Properties
McAlister's Deli
2293 North Main Street, West Lafayette, Indiana, 38555
Mattituck Car Wash
6565 Main Rd, West Lafayette, Indiana, 11952
KFC
500 Cherry Street, West Lafayette, Indiana, 35954
Popeyes
1680 N 1st St, West Lafayette, Indiana, 97838