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4200 Boat Club Rd - Take 5 Car Wash | Driven Brands NASDAQ: DRVN

4,152 SF Speciality Building Offered at £4,011,989 at a 6.50% Net Initial Yield in Lake Worth, TX 76135

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Investment Highlights

Corporate Guarantee | Driven Brands Inc +/- 1,100 Locations
31,640 Vehicles Per Day
8 Miles from Downtown Fort Worth

Absolute NNN | Zero Landlord Responsibility
Located Nearby Texas Health Harris Medical Center (726 Beds) and Fort Worth Meacham International Airport

Executive Summary

Marcus & Millichap is pleased to present for sale this Take 5 Car Wash located at 4200 Boat Club Road in Fort Worth, Texas. Fort Worth is the 5th-most populous city in Texas and the 13th-most populous city in the United States. The population of Fort Worth is 956,709 and it is the 2nd-largest city in the Dallas-Fort Worth-Arlington Metropolitan Area. Several universities call Fort Worth home including Texas Christian University, Texas Wesleyan, University of North Texas Health Science Center, and Texas A & M University School of Law. Multinational corporations headquartered in Fort Worth include Bell Textron, American Airlines, BNSF Railway, and Chip 1 Exchange.
Located a few minutes from this Take 5 Car Wash is Tarrant College with 36,246 enrolled students, Northwood University with 1,038 enrolled students and Greenfield Elementary School with 671 enrolled students. Nearby this Take 5 Car Wash is Texas Health Harris Medical Center with 726 Beds and Fort Worth Meacham International Airport.
Numerous apartment complexes surround this property including Alton Park Apartments with 195 units, The Reserve at Quebec with 296 units, The Terraces of Marine Creek Apartments, Sanson Bluff, Ascent Lake Worth Apartments and Summiton Lake Apartments.
The property benefits from the 172,835 residents in a five-mile radius with a projected population growth of nine percent by 2027 and an average household income of $81,077.
Take 5 Car Wash is a national chain of express car washes that deliver fast, friendly, and convenient service. Take 5 Car Wash is part of the Driven Brand Family. Headquartered in Charlotte, North Carolina, Take 5 Car Wash is the largest express car wash operator in the United States with over 360 sites nationwide.

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Property Facts

Price	£4,011,989	Building Class	B
Price Per SF	£966	Lot Size	1.41 AC
Sale Type	Investment	Building Size	4,152 SF
Net Initial Yield	6.50%	Number of Floors	1
Property Type	Speciality	Year Built	2014
Property Subtype	Car Wash

Price	£4,011,989
Price Per SF	£966
Sale Type	Investment
Net Initial Yield	6.50%
Property Type	Speciality
Property Subtype	Car Wash
Building Class	B
Lot Size	1.41 AC
Building Size	4,152 SF
Number of Floors	1
Year Built	2014