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Auto Service - Gas-Conv

International Car Wash Group

1360 Airport Rd, Hot Springs, AR 71913

Listing Price: $1,120,000

Cap Rate
6.25%
Tenant Name
International Car Wash Group
Gross SF
4,788
Guarantor
Corporate Guarantee
Rentable SF
4,788
Price/Gross SF
$233.92
Lease Type
Absolute Net
Rent Per Square Feet
$14.62

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 1360 Airport Road in Hot Springs, AR. The tenant will enter into a brand new, 20-year triple-net (NNN) lease upon close of escrow with absolutely no landlord responsibilities. The base annual rent will be $139,800 and will be subject to 1.50% annual rental escalations throughout the base term as well as the four, five-year tenant renewal option periods. The lease will have a corporate guarantee. International Car Wash Group operates more than 900 locations throughout the United States and Internationally. The property is 4,788 rentable square feet and is situated on 1.78 acres.

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback:
  • Corporate Guarantee
  • Accelerated and Bonus Depreciation

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s) AR: PB00066390

    Arkansas

Financing By

Auto Service - Gas-Conv

International Car Wash Group

Listing Price: $1,120,000

Cap Rate
6.25%
Tenant Name
International Car Wash Group
Gross SF
4,788
Guarantor
Corporate Guarantee
Rentable SF
4,788
Price/Gross SF
$233.92
Lease Type
Absolute Net
Rent Per Square Feet
$14.62

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback:
  • Corporate Guarantee
  • Accelerated and Bonus Depreciation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 1360 Airport Road in Hot Springs, AR. The tenant will enter into a brand new, 20-year triple-net (NNN) lease upon close of escrow with absolutely no landlord responsibilities. The base annual rent will be $139,800 and will be subject to 1.50% annual rental escalations throughout the base term as well as the four, five-year tenant renewal option periods. The lease will have a corporate guarantee. International Car Wash Group operates more than 900 locations throughout the United States and Internationally. The property is 4,788 rentable square feet and is situated on 1.78 acres.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s): AR: PB00066390

    Arkansas

Financing By

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