62 Moore Dr - Take 5 Car Wash
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62 Moore Dr - Take 5 Car Wash
2,053 SF Specialty Building Offered at £2,757,924 at a 7% Net Initial Yield in Southaven, MS 38671
INVESTMENT HIGHLIGHTS
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease | Zero Landlord Responsibilities
- Corporate Guarantee | Strong Guarantee from International Car Wash Group Ltd.
- Attractive Rental Increases | 1.75% Annual Rental Increases
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Take 5 Car Wash
located at 62 Moore Drive, Southaven, MS 38671. The site consists of
roughly 2,053 rentable square feet of building space on an estimated 0.93-
acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net
(NNN) lease, which commenced 8/14/2019. The current annual rent is
$242,747 and has scheduled increases of 1.75% Annually.
located at 62 Moore Drive, Southaven, MS 38671. The site consists of
roughly 2,053 rentable square feet of building space on an estimated 0.93-
acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net
(NNN) lease, which commenced 8/14/2019. The current annual rent is
$242,747 and has scheduled increases of 1.75% Annually.
PROPERTY FACTS
| Price | £2,757,924 | Building Class | B |
| Price Per SF | £1,343 | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 2,053 SF |
| Net Initial Yield | 7% | Number of Floors | 1 |
| Property Type | Specialty | Year Built | 2010 |
| Property Subtype | Car Wash | Level Access Doors | 2 |
| Price | £2,757,924 |
| Price Per SF | £1,343 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.93 AC |
| Building Size | 2,053 SF |
| Number of Floors | 1 |
| Year Built | 2010 |
| Level Access Doors | 2 |
PROPERTY TAXES
| Parcel Number | 1087250300010700 | Improvements Assessment | £23,785 |
| Land Assessment | £24,163 | Total Assessment | £47,948 |
PROPERTY TAXES
Parcel Number
1087250300010700
Land Assessment
£24,163
Improvements Assessment
£23,785
Total Assessment
£47,948
ZONING
| Zoning Code | C-4 |
| C-4 |
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62 Moore Dr - Take 5 Car Wash
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