Take 5 Car Wash

Norman, Oklahoma

The NNN Pro Group is pleased to present the exclusive listing for this Take 5 Car Wash located at 1305 E Imhoff Rd in Norman, OK. The site consists of roughly 5,472 rentable square feet of building space on estimated 1.03-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 $273,997 and is scheduled to increase by 1.85% Annually Starting in Year 7 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