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Take 5 Car Wash

Murfreesboro, Tennessee

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The NNN Pro Group is pleased to present the exclusive listing for a Take 5 Car Wash located at 3914 Cedar Glades Dr in Murfreesboro, TN. The site consists of roughly 4,980 rentable square feet of building space on estimated 1.96-acre parcel of land. This Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 24th, 2020. The current annual rent is $321,993 and is scheduled to increase by 1.85% Annually Starting in Year Y throughout the base term and in each of the 4, 5-year renewal options.

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:
3914 Cedar Glades Dr, Murfreesboro, Tennessee 37128
Property Type:
Net-Leased Car Wash
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
December 28, 2020
Lease Expiration:
December 27, 2040
Lease Term Remaining:
+/-17 Years
Rental Increases:
1.85% Starting Year 7
Lot Size:
1.96 Acres
Building Size:
4,980 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-Tennessee, Inc

License: 343847

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