TAKE 5 CAR WASH | $4,331,400 | 6.50% CAP
Marcus & Millichap is pleased to present for sale this fee-simple, absolute net-leased Take-5 Car Wash located at 704 Chapman Road in Monticello, Arkansas. The freestanding single-tenant property consists of a 5,684 SF building and is situated on a large 2-acre parcel of land.
This Take 5 Car Wash sits across from a Walmart Supercenter Anchored Shopping Center and fronts RT-35, a major thoroughfare, which sees vehicle counts in excess of 14,000 per day. Within the immediate trade area you’ll find a plethora of national and regional retailers including but not limited to Walmart Supercenter, Bealls, Wendy’s, McDonald’s, Taco Bell, Popeye’s, AT&T, Walgreens, Sonic, DQ, and numerous others.
Located a few minutes from this Take 5 Car Wash is The University of Arkansas-
Monticello with 3,925 enrolled students. Also nearby is the CHI St. Vincent Heart Clinic. There are also numerous apartment complexes surrounding the property including Pine Valley Apartments and Meadowview Apartments.
The tenant initially executed a 20-year lease and currently has 19-years of initial term remaining with attractive 2 percent annual increases commencing in 2029.
Driven Brands Car Wash is the world’s largest local car wash operator. Driven Brands entered the car wash industry in 2020 with the acquisition of International Car Wash Group. Driven Brands operates over 1,100 locations in 14 countries across US, Europe and Australia, with over 350 locations in the United States. The Company was founded in Germany in 1965 under the IMO brand, the name still used at its non-US locations. Driven Brands Carwash is a member of Driven Brands, the largest automotive services company in North America.