Miscellaneous

International Car Wash Group

1122 W Belt Line Rd, DeSoto, TX 75115

Listing Price: $2,434,783

Cap Rate
5.75%
Tenant Name
International Car Wash Group
Gross SF
5,252
Guarantor
Corporate Guarantee
Rentable SF
5,252
Price/Gross SF
$463.59
Lease Type
Absolute Net
Rent Per Square Feet
$26.66

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 1122 W Belt Line Road in Desoto, TX. 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 $140,000 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 5,252 rentable square feet and is situated on 3.24 acres.

Investment Highlights

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

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Miscellaneous

International Car Wash Group

Listing Price: $2,434,783

Cap Rate
5.75%
Tenant Name
International Car Wash Group
Gross SF
5,252
Guarantor
Corporate Guarantee
Rentable SF
5,252
Price/Gross SF
$463.59
Lease Type
Absolute Net
Rent Per Square Feet
$26.66

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 1122 W Belt Line Road in Desoto, TX. 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 $140,000 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 5,252 rentable square feet and is situated on 3.24 acres.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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