Car Wash
International Car Wash Group
3 Chelsa Dr, Madisonville, KY 42431
Listing Price: $2,307,339
Investment Overview
INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for an ICWG located at 3 Chelsea Drive in Madisonville, Kentucky. Built in 2018, the site consists of roughly 4,395 rentable square feet of building space on estimated 0.84-acre parcel of land. This ICWG is subject to a 20-year absolute triple-net (NNN) lease with zero landlord responsibilities. The current annual rent is $132,672 and is scheduled to increase by 1.50% annually.
International Car Wash Group
Investment Highlights
- Long Term Lease With Zero Landlord Responsibilities: Triple-Net (NNN) Lease With Approximately 17 Years Remaining On Initial Term
- Accelerated & Bonus Depreciation: This Property Qualifies for Both 100% Bonus Depreciation & 15 Year Accelerated Depreciation
- Attractive Annual Increases: Annual Rental Increases of 1.50%
Exclusively Listed By
Broker of Record
Listing Price: $2,307,339
Investment Highlights
- Long Term Lease With Zero Landlord Responsibilities: Triple-Net (NNN) Lease With Approximately 17 Years Remaining On Initial Term
- Accelerated & Bonus Depreciation: This Property Qualifies for Both 100% Bonus Depreciation & 15 Year Accelerated Depreciation
- Attractive Annual Increases: Annual Rental Increases of 1.50%
Investment Overview
INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for an ICWG located at 3 Chelsea Drive in Madisonville, Kentucky. Built in 2018, the site consists of roughly 4,395 rentable square feet of building space on estimated 0.84-acre parcel of land. This ICWG is subject to a 20-year absolute triple-net (NNN) lease with zero landlord responsibilities. The current annual rent is $132,672 and is scheduled to increase by 1.50% annually.
Exclusively Listed By
Broker of Record
