Take 5 Car Wash
Southaven, MS
Key Details
| Price: | $3,596,252 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $242,747 |
| Address: | 62 Moore Drive, Southaven, Mississippi 38671 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 8/14/2019 |
| Lease Expiration: | 8/31/2039 |
| Lease Term Remaining: | 14.8 Years |
| Rental Increases: | 1.75% Annually |
| Lot Size: | 0.00 Acres |
| Building Size: | 2,053 SF |
| Year Built: | 2010 |
NNN Pro is pleased to present the exclusive listing for a Take 5 Car Wash located at 62 Moore Drive, Southaven, Mississippi 38671. The site consists of roughly 2053 rentable square feet of building space on an estimated 0-acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 8/14/2019. The current annual rent is $242,747 and has scheduled increases of 1.75% Annually.
About the Investment
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease | Zero Landlord Responsibilities
- Attractive Rental Increases | 1.75% Annual Rental Increases
- Corporate Guarantee | Strong Guarantee from International Car Wash Group Ltd.
Key Details
| Price: | $3,596,252 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $242,747 |
| Address: | 62 Moore Drive, Southaven, Mississippi 38671 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 8/14/2019 |
| Lease Expiration: | 8/31/2039 |
| Lease Term Remaining: | 14.8 Years |
| Rental Increases: | 1.75% Annually |
| Lot Size: | 0.00 Acres |
| Building Size: | 2,053 SF |
| Year Built: | 2010 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Edward Otocka
eotocka@nnnpro.com
License: NY: 10401298466
Robert Stein
rstein@nnnpro.com
License: NY: 10401341647
Broker of Record
Brian Brockman
Bang Realty of Mississippi, Inc
License: 21542
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.