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Miscellaneous

International Car Wash Group

1101 Town Center Dr, Highlands Ranch, CO 80129

Listing Price: $6,267,880

Cap Rate
5.00%
Tenant Name
ICWG
Years Remaining On Lease
17.4
Guarantor
Corporate Guarantee
Rentable SF
4,428
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$70.78

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an ICWG located at 1101 Town Centre Drive in Highlands Ranch, CO. The tenant entered a brand new, 20-year triple-net (NNN) lease with no landlord responsibilities on November 6, 2019. 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

  • High Performing Location: Inquire With Listing Agent
  • 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 17.50 Years Remaining In Initial Term With 1.75% Annual Rental Increases and Four

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Miscellaneous

International Car Wash Group

Listing Price: $6,267,880

Cap Rate
5.00%
Tenant Name
ICWG
Years Remaining On Lease
17.4
Guarantor
Corporate Guarantee
Rentable SF
4,428
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$70.78

Investment Highlights

  • High Performing Location: Inquire With Listing Agent
  • 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 17.50 Years Remaining In Initial Term With 1.75% Annual Rental Increases and Four

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an ICWG located at 1101 Town Centre Drive in Highlands Ranch, CO. The tenant entered a brand new, 20-year triple-net (NNN) lease with no landlord responsibilities on November 6, 2019. 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

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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