Miscellaneous
International Car Wash Group - Bonus Depreciation
3323 N Main St, Hope Mills, NC 28348
Listing Price: $3,063,346
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.
International Car Wash Group - Bonus Depreciation
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.
Miscellaneous
International Car Wash Group - Bonus Depreciation
Listing Price: $3,063,346
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.
