Arvada, CO - Take 5 Car Wash
6315 Sheridian Blvd, Arvada, CO
$5,096,000
Price
6.5%
Cap Rate
$331,224
NOI
Overview
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 ideally positioned near the signalized, hard corner intersection of Sheridan Blvd West 64th Ave which supports over 64,000 vehicles per day
• The site benefits from nearby access to Interstate 70 (90,000 VPD), making this an ideal centralized location with easy commutes
• Located in a dense retail corridor, the site is within close proximity of multiple national/credit tenants including Costco, Walmart Supercenter, Home Depot, Lowes, King Soopers, and more
• Strong tenant synergy increases consumer draw to the immediate subject area and promotes crossover tenant exposure to the site
Listing ID: a288X000007ZzDeQAK