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Take 5 Car Wash

Interested in selling your Take 5 Car Wash NNN property or Take 5 Car Wash ground lease property and wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Take 5 Car Wash NNN property for sale or Take 5 Car Wash ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the clarity needed to make informed decisions regarding the sale of your Take 5 Car Wash NNN property or the inclusion of a Take 5 Car Wash ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Take 5 Car Wash properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of 2024, Take 5 Car Wash operates over 380 locations across the United States, making it one of the fastest-growing express car wash brands in the country, with a strong presence in the Southeast, Midwest, and Sun Belt regions.

Revenue and income

Take 5 Car Wash does not report standalone financials; however, it is owned by Driven Brands Holdings Inc., which reported approximately $2.2 billion in total revenue in 2022, with the car wash segment being a key contributor to overall growth.

Future plans

Take 5 Car Wash is a core growth brand for Driven Brands, with continued plans to expand through new store development and acquisitions, focusing on high-traffic suburban markets and membership-based recurring revenue models.

Corporate vs. franchise

Take 5 Car Wash operates under a mixed model of corporate-owned and franchised locations, with a significant portion of sites owned and operated by Driven Brands and select locations operated by franchise partners to accelerate market expansion.

Additional information – Take 5 Car Wash Properties

  1. Take 5 Car Wash was founded in 2008 in Metairie, Louisiana.

  2. The brand specializes in express tunnel car washes with a strong emphasis on speed, convenience, and unlimited wash memberships.

  3. Take 5 Car Wash is known for its no-hassle drive-through experience and strong customer loyalty programs.

  4. The company is a subsidiary of Driven Brands Holdings Inc., headquartered in Charlotte, North Carolina.

Take 5 Car Wash History

Take 5 Car Wash was founded in 2008 in Metairie, Louisiana, with a focus on delivering a fast, convenient, and customer-friendly car wash experience. Unlike traditional car washes, Take 5 introduced an express tunnel model that allows customers to stay in their vehicles while receiving a high-quality wash. The brand quickly gained popularity due to its emphasis on speed, unlimited wash memberships, and consistent service standards. Over the years, Take 5 Car Wash expanded rapidly through both organic growth and acquisitions. Today, it operates as a key brand under Driven Brands Holdings Inc., growing its footprint across the United States and establishing itself as a leading player in the express car wash industry.

Why Invest in Ground Lease and NNN Lease of Take 5 Car Wash?

Investing in Take 5 Car Wash ground lease and triple net (NNN) lease properties offers several compelling advantages:

1) Take 5 Car Wash NNN Property Investment: Stable income

Take 5 Car Wash operates under a proven express car wash model with recurring revenue from unlimited wash memberships, providing investors with stable and predictable rental income through long-term ground and NNN leases.

2) Take 5 Car Wash NNN Property Investment: Established tenant

As a nationally recognized brand backed by Driven Brands Holdings Inc., Take 5 Car Wash offers strong tenant credit quality, reducing the risk of vacancy or lease default.

3) Take 5 Car Wash NNN Property Investment: Low management responsibility

Under ground and NNN lease structures, Take 5 Car Wash is responsible for property maintenance, taxes, insurance, and operating expenses, allowing landlords to enjoy truly passive ownership.

4) Take 5 Car Wash NNN Property Investment: Favorable lease terms

Take 5 Car Wash typically signs long-term leases with built-in rent escalations, ensuring consistent income growth and protection against inflation over time.

5) Take 5 Car Wash NNN Property Investment: Real estate value

Take 5 Car Wash locations are strategically positioned along high-traffic corridors with strong visibility, which can enhance long-term property value and support potential capital appreciation.

Pros and Cons of Take 5 Car Wash Ground Lease and NNN Lease Investment

Pros:

  1. Stable income supported by a subscription-based express car wash model with recurring monthly revenue.

  2. Strong and established tenant backed by Driven Brands Holdings Inc., reducing vacancy and lease default risk.

  3. Minimal management responsibility, as Take 5 Car Wash typically handles maintenance, taxes, insurance, and operating costs under NNN and ground leases.

  4. Long-term lease structures with rent escalations provide predictable income and potential growth over time.

Cons:

  1. Lease renewal risk once the initial lease term expires.

  2. Dependence on Take 5 Car Wash’s operational performance and the broader car wash industry.

  3. Market saturation and increasing competition in the express car wash segment may impact store-level profitability.

  4. Limited landlord control over day-to-day property decisions due to the NNN and ground lease structure.

  5. Exposure to broader economic conditions and real estate market fluctuations.

Thorough due diligence—evaluating location quality, traffic counts, lease terms, tenant strength, and long-term market dynamics—is essential, and consulting real estate and financial professionals can help ensure alignment with investment goals and risk tolerance.

MarketWatch: Take 5 Car Wash

MarketWatch: Take 5 Car Wash

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