Miscellaneous

International Car Wash Group

1833 Gunbarrel Rd, Chattanooga, TN 37421

Listing Price: $2,260,870

Cap Rate
5.75%
Tenant Name
International Car Wash Group
Gross SF
3,800
Guarantor
Corporate Guarantee
Rentable SF
3,800
Price/Gross SF
$594.97
Lease Type
Absolute Net
Rent Per Square Feet
$34.21

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 1833 Gunbarrel Road, Chattanooga, TN. 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 $50,000 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 3,800 rentable square feet and is situated on 1.00 acres.

Investment Highlights

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

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

Miscellaneous

International Car Wash Group

Listing Price: $2,260,870

Cap Rate
5.75%
Tenant Name
International Car Wash Group
Gross SF
3,800
Guarantor
Corporate Guarantee
Rentable SF
3,800
Price/Gross SF
$594.97
Lease Type
Absolute Net
Rent Per Square Feet
$34.21

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 1833 Gunbarrel Road, Chattanooga, TN. 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 $50,000 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 3,800 rentable square feet and is situated on 1.00 acres.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

MM Texture Background
MM Textured Background Lower