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Take 5 Car Wash

Cape Coral, Florida

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NNN Pro Group is pleased to present the exclusive listing for a Take 5 Car Wash located at 241-245 Nicholas Parkway West, Cape Coral, FL. The site consists of roughly 4,159 rentable square feet of building space on estimated 1.16-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 $250,000 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

Key Details

Price:
$4,000,000
Cap Rate:
6.00%
Annual Rent:
$240,000
Address:
241-245 Nicholas Parkway West, Cape Coral, Florida 33991
Property Type:
Specialty
Lease Type:
Triple Net (NNN)

Lot Size:
.72 Acres
Building Size:
3,710 SF
Year Built:
2023
Tenant:
Take 5 Car Wash

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

Amelia Haydock

License: 10401334976

Samikshya Gautam

License: 10401315720

Gordon Pollock

License: 10401370688

Broker of record

Brian Brockman

Bang Realty-Naples, Inc

License: BK3327646


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