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Miscellaneous

International Car Wash Group - Bonus Depreciation

3323 N Main St, Hope Mills, NC 28348

Listing Price: $3,063,346

Cap Rate
5.20%
Tenant Name
International Car Wash Group
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
1,728
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$92.18

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an ICWG located at 3323 N Main Street in Hope Mills, NC. The tenant entered a brand new, 16-year triple-net (NNN) lease with no landlord responsibilities on December 30, 2020. There are 1.75% annual rental escalations throughout the base term as well as the four, five-year tenant renewal option periods. The lease has a corporate guarantee by International Car Wash Group (“ICWG”). ICWG operates more than 950 locations throughout the United States and Internationally.

Investment Highlights

  • Accelerated & Bonus Depreciation: The Property Qualifies For Both 100% Bonus Depreciation & Fifteen Year Accelerated Depreciation
  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases: True Triple Net (NNN) Lease With Approximately 14.75 Years Remaining In Initial Term With 1.75% Annual Rental Increases
  • Corporate Guarantee : The Lease is Subject to a Corporate Guarantee by International Car Wash Group "ICWG" With More Than 950 Locations Across Europe, Australia and the U.S.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Miscellaneous

International Car Wash Group - Bonus Depreciation

Listing Price: $3,063,346

Cap Rate
5.20%
Tenant Name
International Car Wash Group
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
1,728
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$92.18

Investment Highlights

  • Accelerated & Bonus Depreciation: The Property Qualifies For Both 100% Bonus Depreciation & Fifteen Year Accelerated Depreciation
  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases: True Triple Net (NNN) Lease With Approximately 14.75 Years Remaining In Initial Term With 1.75% Annual Rental Increases
  • Corporate Guarantee : The Lease is Subject to a Corporate Guarantee by International Car Wash Group "ICWG" With More Than 950 Locations Across Europe, Australia and the U.S.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an ICWG located at 3323 N Main Street in Hope Mills, NC. The tenant entered a brand new, 16-year triple-net (NNN) lease with no landlord responsibilities on December 30, 2020. There are 1.75% annual rental escalations throughout the base term as well as the four, five-year tenant renewal option periods. The lease has a corporate guarantee by International Car Wash Group (“ICWG”). ICWG operates more than 950 locations throughout the United States and Internationally.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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