Gainesville, FL - Take 5 Car Wash

Description:

• Corporate guaranteed by Driven Brands
• The tenant has 19 years of term on their 20-year lease with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site
• The lease features 2% annual rental increases starting January 2029, steadily growing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
• Fee simple ownership of a car wash qualifies for bonus depreciation (see page 5 for details)

• The asset is strategically located near the signalized intersection of SW Archer Road and SW 34th Street, averaging a combined 105,000 VPD
• The asset benefits from nearby access onto I-75 (90,000 VPD), making this a centralized location with easy commutes for employees and customers
• The property is near Butler Plaza West (317K+ SF), Esplanade at Butler Plaza (399K+ SF), Butler North (334K+ SF), and other major shopping centers
• The nearby national/credit tenants include Target, Publix, Michaels, Lowe’s Home Improvement, ALDI, REI, Bass Pro Shops, and others

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Listing ID: a288X000007ZzDKQA0