Take 5 Car Wash

3515-3519 East 10th Street, Jeffersonville, IN
Deal Type:
Net Lease
Price:
$3,736,892
Cap Rate:
6.50%
Current Rent:
$242,898
Lease Type:
Triple Net
Lease Term:
19 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-year options
Building Sq. Ft.:
3,838 SF
Rent Increases:
2.00% annual beginning 1/1/2029
Site Size:
1.20 Acres

Investment Highlights

  • COMMITMENT: 19 year absolute NNN lease structure with rental increases to hedge against inflation.
  • STRONG CREDIT TENANT: Corporate Guarantee from Driven Brands.
  • LOCATION: Jeffersonville High School is approximately a 5 minute drive away and has an enrollment of 2,100 students.
  • TRADE AREA: Located nearby to other national brands such as Kroger, Aldi, Meijer, Kohl’s, Walgreens, and many more.
  • DEMOGRAPHICS: Strong local demographics as average household income is $79,500 within a 3 mile radius.
  • DEPRECIATION: Asset qualifies for bonus depreciation. Please refer to page 4 of the offering memorandum for more information

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Adam English

Managing Director
256 694 9803
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187

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