Golden, CO - Take 5 Car Wash

Description:

• Corporate guaranteed by Driven Brands
• 19 years remaining in the initial lease with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site
• Lease features 2.00% annual increases starting Jan. 2029 and continuing through the option periods, growing NOI and hedging against inflation

• The asset is located just off of Interstate 70 (140,400 VPD) and U.S. Highway 40 (36,500 VPD), making this an ideal, centralized location with easy commutes
• Located in a dense retail corridor, the asset is within close proximity of multiple national/credit tenants including Target, Home Depot, Whole Foods, Kohl’s, Burlington, Dicks, Marshalls, and more
• Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site