Car Wash
International Car Wash Group
3479 Mercer University Dr, Macon, GA 31204
Listing Price: $2,537,006
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.
International Car Wash Group
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.
Listing Price: $2,537,006
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.
