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Take 5 Car Wash

Macon, Georgia

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The NNN Pro Group is pleased to present the exclusive listing for an ICWG Car Wash in Macon, GA. The tenant signed a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities in December 2020. The current annual rent is $136,998 and is subject to 1.85% annual rental escalations starting Year 7 throughout the remainder of the base term as well as the four, five-year tenant renewal option periods. The lease features a corporate guarantee from Driven Brands Inc,

About the Investment:

✓ Corporate Guarantee: The Lease is Subject to a Corporate Guarantee Driven Brands Inc | 1,100+ Locations Backing the Lease
✓ True Triple Net (NNN) Lease: No Landlord Responsibilities
✓ Bonus Depreciation & Accelerated Depreciation: This Property Qualifies for Both 80% Bonus Depreciation in Year One & 15 Year Accelerated Depreciation

Key Details

Cap Rate:
Annual Rent:
3479 Mercer University Dr, Macon, Georgia 31204
Property Type:
Car Wash
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
December 31, 2020
Lease Expiration:
December 31, 2040
Lease Term Remaining:
17 Years
Rental Increases:
1.85% Annually
Lot Size:
1.06 Acres
Building Size:
3,649 SF
Year Built:
Take 5 Car Wash

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

Richard Nardi

License: 10401294015

Howard Curd

License: 10401339720

Broker of record

Brian Brockman

Bang Realty-Georgia, Inc

License: 378952

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