Car Wash
Take 5 Car Wash and Oil Change
6112 75th St, Kenosha, WI 53142
Listing Price: $3,054,545
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.
Take 5 Car Wash and Oil Change
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
Listing Price: $3,054,545
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.
