- Corporate guaranteed by Driven Brands
- 19 years remaining in the initial lease with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site
- Lease features 2.00% annual increases starting Jan. 2029 and continuing through the option periods, growing NOI and hedging against inflation
Investment Offering
Arvada, CO - Take 5 Car Wash
6315 Sheridian Blvd | Arvada, CO 80003
$4,802,000
Price6.5%
Cap Rate$312,120
NOI6,357
± SF Offering GLA1.1
± AC Land AreaDescription
Location
- The asset is ideally positioned near the signalized, hard corner intersection of Sheridan Blvd West 64th Ave which supports over 64,000 vehicles per day
- The site benefits from nearby access to Interstate 70 (90,000 VPD), making this an ideal centralized location with easy commutes
- Located in a dense retail corridor, the site is within close proximity of multiple national/credit tenants including Costco, Walmart Supercenter, Home Depot, Lowes, King Soopers, and more
- Strong tenant synergy increases consumer draw to the immediate subject area and promotes crossover tenant exposure to the site
Documents & Links
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Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739