3911 Broad St Whitehall, OH 43213-1129
- Car washes
- 3,500 SF
- 0.92 lot acres
Dec 27, 2021
Current Use by Public Records
- Take 5 Car Wash / Car Wash
Property Details for 3911 Broad St
- Year built
- 2016
- Lot size
- 0.92 lot acres
- Property size
- 3,500 SF
- Property type
- Car washes
- APN
- 090-008404
- APU
- 90008404
Description
This exceptional investment opportunity presents a 4,380-square-foot Take 5 Car Wash situated on a 0.92-acre lot at 3911 E Broad St, Whitehall, Ohio, 43213. The property boasts a 20-year NNN lease with approximately 14.7 years remaining, commencing July 19, 2019, and expiring July 19, 2039. The lease includes a corporate guarantee from Driven Brands Inc., providing significant security. The current annual net operating income (NOI) stands at $215,408, representing a compelling 6.50% cap rate on the $3,313,969 asking price. Annual rent increases of 1.75% are built into the lease throughout the initial term and four subsequent five-year renewal options. The property benefits from its strategic location, approximately 5.5 miles east of downtown Columbus and near John Glenn Columbus International Airport. Built in 2016, this well-maintained car wash offers a low-risk, high-return investment with potential tax advantages, including eligibility for 60% bonus depreciation and a 15-year straight-line method (consult your tax advisor for details). The property is 100% occupied, minimizing vacancy concerns. This offering presents a rare chance to acquire a stable, high-performing asset in a desirable location. The property is a single-tenant operation with zero landlord responsibilities.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,490,000
- ML approach
- $3,810,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Whitehall
- County
- Franklin
- State
- Ohio
- Longitude
- -82.8971
- Latitude
- 39.9733
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
