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Car Wash

Take 5 Car Wash

5941 Valley Rd, Trussville, AL 35173

Listing Price: $2,076,019

Cap Rate
5.25%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
21.0
Guarantor
Corporate Guarantee
Rentable SF
1,740
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.64

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing in Trussville, Alabama. The site consists of roughly 1,740 rentable square feet of building space on estimated 0.67-acre parcel of land. This property is subject to a 25-year absolute triple-net (NNN) lease, which commenced June 19th, 2019. The current annual rent is $108,991 and is scheduled to increase by 2% annually throughout the base term and in each of the Four (4), Five (5) year renewal options.

Investment Highlights

  • Original 25-Year Triple-Net (NNN) Lease With Annual Increases: Absolute Triple Net (NNN) Lease With Over 21 Years of Term Remaining | 2% Annual Rental Increases and Four, Five-Year Extension Options
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" and the More Than 950 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Car Wash

Take 5 Car Wash

Listing Price: $2,076,019

Cap Rate
5.25%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
21.0
Guarantor
Corporate Guarantee
Rentable SF
1,740
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.64

Investment Highlights

  • Original 25-Year Triple-Net (NNN) Lease With Annual Increases: Absolute Triple Net (NNN) Lease With Over 21 Years of Term Remaining | 2% Annual Rental Increases and Four, Five-Year Extension Options
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" and the More Than 950 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing in Trussville, Alabama. The site consists of roughly 1,740 rentable square feet of building space on estimated 0.67-acre parcel of land. This property is subject to a 25-year absolute triple-net (NNN) lease, which commenced June 19th, 2019. The current annual rent is $108,991 and is scheduled to increase by 2% annually throughout the base term and in each of the Four (4), Five (5) year renewal options.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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