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Car Wash

International Car Wash Group

3 Chelsa Dr, Madisonville, KY 42431

Listing Price: $2,307,339

Cap Rate
5.75%
Tenant Name
Boing US Holdco, Inc.
Years Remaining On Lease
16.7
Guarantor
Corporate Guarantee
Rentable SF
4,395
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.19

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.

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Car Wash

International Car Wash Group

Listing Price: $2,307,339

Cap Rate
5.75%
Tenant Name
Boing US Holdco, Inc.
Years Remaining On Lease
16.7
Guarantor
Corporate Guarantee
Rentable SF
4,395
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.19

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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