3911 E Broad St, Columbus, OH 43213
- Car washes
- 3,500 SF
- 0.92 lot acres
Current Use by Public Records
- Car washes
Property Details for 3911 E Broad St
- Year built
- 2016
- Lot size
- 0.92 lot acres
- Property type
- Car washes
- APN
- 090-008404
- APU
- 90008404
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 27, 2021 | $3,706,300 | Fhw Limited Partnership Re I LLC | 3911 East Broad Carwash LLC | Limited Warranty Deed | — |
| Dec 27, 2021 | — | Fhw Limited Partnership Re I LLC | 3911 East Broad Carwash LLC | Assignment Of Lease (leasehold Sale) | — |
| Jul 23, 2019 | $3,056,900 | 3911 East Broad Carwash LLC | Imo Us Georgia LLC | Grant Deed | $2M · First Internet Bk/in |
| Jun 20, 2019 | — | Imo Us Georgia LLC | Buckeye Express Wash LLC | Quit Claim Deed · related | — |
| Jul 20, 2017 | $1,450,000 | Imo Us Georgia LLC | Buckeye Express Car Wash LLC | Grant Deed | — |
| Aug 31, 2016 | — | Buckeye Express Wash LLC | — | Trustees Deed · related | $1.3M · Commercial Svgs Bk |
| Aug 9, 2016 | $650,000 | Buckeye Express Wash LLC | Sagi Realty Ltd | Warranty Deed | — |
| — | — | Buckeye Express Wash LLC | — | Deed Of Trust · related | $923k · Commercial Svgs Bk |
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 estimation — 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
