Car Wash
Take 5 Car Wash
5941 Valley Rd, Trussville, AL 35173
Listing Price: $2,076,019
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.
Take 5 Car Wash
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
Listing Price: $2,076,019
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
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Eddie Greenhalgh
Senior Vice President Investments
