Take 5 Car Wash

11560 Alpharetta Highway, Roswell, GA 30076

$5,299,000

Cap Rate 6.25%

Views: 17 DOM: 19 Updated: 08.28.24 Posted: 08.28.24 Status: Active

Summary

Price $5,299,000	Built/Renov 2020	Tenant Take 5 Car Wash
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,600	Lease Start 01-01-2023	#Units 391
Price/SF $1,471.94	Expiration 12-28-2042	Tenant Type Automotive
NOI $331,224	R. Term 18.3	Ownership Fee Simple
Rent/SF $92.01	Increases 2.0%/1/yrs	Pop 5Mi 176,086
Lot/AC 0.94	Options 4/5yrs/2%	AHHI 5Mi $165,030

Lease Highlights

Take 5 Car Wash has 18+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 2% annual rental increases starting in Jan. 2029 of the inital term and continuing throughout the term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Take 5 Car Wash is located at a signalized, hard corner intersection of Alpharetta Highway and Hembree Road, with access to a combined daily traffic count of 43,500 vehicles. The property benefits from direct on/off ramp access to U.S. Highway 19, a major thoroughfare that sees 157,000 VPD. This prime location is situated in a dense retail corridor with well-known national tenants, including...

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Key Features

Signalized intersection
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Strong demographics
Long 15+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee

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Links

Take 5 Car Wash Wikipedia Roswell, Georgia Zip Code 30076 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Car Wash
Guarantor:Corp T and Rated
Company:Driven Brands Holdings, Inc.
# Units:391
Tenant S&P: B+
Stock: NASDAQ: DRVN

About Tenant

Take 5 Car Wash is the largest domestic operator of car wash sites. The chain offers exterior car wash services that utilize an automated conveyor belt to pull vehicles along a track where they...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,380	71,110	175,397
2023 Total Population :	6,303	71,118	176,086
2023 Employed Civilian Pop :	3,587	37,373	94,593
2023 Total Businesses :	815	6,132	9,959
2023 Average Household Income :	$ 167,222	$ 158,629	$ 165,030
2023 Total Consumer Spending :	$ 355 M	$ 3885 M	$ 9619 M
2023 Median Age :	37	37	39
2023 Total Households :	2,491	28,706	68,713
2023 Pop Age 25+: Bachelor's Degree :	1,741	19,159	50,228
2023 Average Home Value :	$ 390,308	$ 489,550	$ 511,259

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Hembree Rd	Surburban Lodge	2004	8,660	0.04 mi
Park Terrace	Hembree Rd	2021	110	0.08 mi
Park Terrace	Hembree Rd	2019	100	0.08 mi
Alpharetta Hwy	Hospital Blvd	2014	23,129	0.23 mi
Hembree Rd	Hembree Pkwy	2013	11,270	0.28 mi
Hembree Rd	Streamside Dr	2010	7,179	0.32 mi
Hembree Road	Hospital Blvd	2018	13,900	0.42 mi
Hembree Road		2019	14,000	0.42 mi
Hembree Road	Upper Hembree Rd	2021	13,900	0.42 mi
Upper Hembree Rd	Harris Rd	2007	4,910	0.46 mi

Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

250 Listings
20793 Views
83 Sold

Michael Berk

SRS National Net Lease Group

Contact

29 Listings
3087 Views
9 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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Michael Berk

Michael Berk joined SRS Real Estate Partners in 2019 as senior associate in our Atlanta office as a part of the Capital Markets team. Prior to SRS, Michael worked with Calkain, where he assisted in the disposition and acquisition of net lease assets, along with structuring sale-leasebacks for QSR operators. Prior to that, he worked in the corporate marketing department at Talladega Superspeedway where he sold large-scale marketing platforms along with venue entertainment packages. Michael is

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Patrick Luther

SRS National Net Lease Group

Contact

396 Listings
34152 Views
160 Sold

William Wamble

SRS National Net Lease Group

Contact

174 Listings
15582 Views
40 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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