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Car Wash

Take 5 Car Wash and Oil Change

6112 75th St, Kenosha, WI 53142

Listing Price: $3,054,545

Cap Rate
5.50%
Tenant Name
Take 5 Car wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
2,891
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.11

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Car Wash and Oil Change located in Kenosha, WI. The site consists of roughly 11,583 rentable square feet of building space on estimated 1.91-acre parcel of land. This Art Van Furniture is subject to a 20-year absolute triple-net (NNN) lease which commences at the close of escrow. The current annual rent is $168,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" and the More Than 900 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Car Wash

Take 5 Car Wash and Oil Change

Listing Price: $3,054,545

Cap Rate
5.50%
Tenant Name
Take 5 Car wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
2,891
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.11

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" and the More Than 900 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Take 5 Car Wash and Oil Change located in Kenosha, WI. The site consists of roughly 11,583 rentable square feet of building space on estimated 1.91-acre parcel of land. This Art Van Furniture is subject to a 20-year absolute triple-net (NNN) lease which commences at the close of escrow. The current annual rent is $168,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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