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Car Wash

International Car Wash Group

3479 Mercer University Dr, Macon, GA 31204

Listing Price: $2,537,006

Cap Rate
5.40%
Tenant Name
International Car Wash Group Ltd.
Years Remaining On Lease
17.9
Guarantor
Corporate Guarantee
Rentable SF
3,649
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.87

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an ICWG Car Wash in Macon, GA. The tenant signed a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities in December 2020. The current annual rent is$136,998 and is subject to 1.85% annual rental escalations starting Year 7 throughout the remainder of the base term as well as the four, five-year tenant renewal option periods. The lease features a corporate guarantee from International Car Wash Group LTD. (UK), which operates more than 950 locations throughout the United States and Internationally.

Investment Highlights

  • Accelerated & Bonus Depreciation: The Property Qualifies For Both 100% Bonus Depreciation & Fifteen Year Accelerated Depreciation
  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group "ICWG" With More Than 950 Locations Across Europe, Australia and the U.S.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Car Wash

International Car Wash Group

Listing Price: $2,537,006

Cap Rate
5.40%
Tenant Name
International Car Wash Group Ltd.
Years Remaining On Lease
17.9
Guarantor
Corporate Guarantee
Rentable SF
3,649
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.87

Investment Highlights

  • Accelerated & Bonus Depreciation: The Property Qualifies For Both 100% Bonus Depreciation & Fifteen Year Accelerated Depreciation
  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group "ICWG" With More Than 950 Locations Across Europe, Australia and the U.S.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an ICWG Car Wash in Macon, GA. The tenant signed a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities in December 2020. The current annual rent is$136,998 and is subject to 1.85% annual rental escalations starting Year 7 throughout the remainder of the base term as well as the four, five-year tenant renewal option periods. The lease features a corporate guarantee from International Car Wash Group LTD. (UK), which operates more than 950 locations throughout the United States and Internationally.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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