Take 5 Car Wash Ground Lease
4,162 SF Specialty Building Offered at $2,523,000 at a 5.35% Cap Rate in El Paso, TX 79912
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,523,000
- Property Type
-
Specialty
- Square Feet
- 4,162 SF
- Price / Square Foot
- $606
Listing Contacts
Christopher Lind
Verified Profile
Mark Ruble
Verified Profile
- Property Info
Property Overview
Take 5 was founded in 1984 under the name “Rapid Oil Change,” offering quick oil changes, minor repairs, and other maintenance services. In 2020, Take 5 Car Wash was launched, delivering a fast, friendly, and convenient car wash experience with a customer- and people-first culture. Take 5 has over 1,000 locations nationwide, including approximately 360 car wash locations.
El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor.
El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor.
Property Details
- Class
- C
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Car Wash, Freestanding
Highlights
- Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Corporate Guaranty by Driven Brands (NASDAQ: DRVN), the Largest Automotive Services Company in North America
- 173,453 Residents within a 5-Mile Radius - Growing El Paso Trade Area
- High-Quality 2023 Construction
- Located at a High Traffic Intersection with 57,000+ Cars per Day at the Corner of Sunland Park Drive/Shadow Mountain Drive and North Mesa Street
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].