Charlotte, NC - Take 5 Car Wash

Description:

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

• Located just off US Highway 74, a primary commuter thoroughfare averaging 107,000 vehicles passing by daily
• Adjacent to a Walmart Supercenter, a major big box retailer that significantly increases consumer draw to the trade area and promotes crossover exposure to the site
• Other nearby national/credit tenants include Ross Dress for Less, Food Lion, Starbucks, The Home Depot, Goodwill, and more