Auto Service - Gas-Conv

International Car Wash Group - Bonus Depreciation

1244 Center Rd, Avon, OH 44011

Listing Price: $5,473,000

Cap Rate
5.50%
Years Remaining On Lease
17.9
Gross SF
4,534
Rentable SF
4,534
Price/Gross SF
$1,207.10
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.39

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 1244 Center Road in Avon, OH. The tenant entered a brand new, 20-year triple-net (NNN) lease with no landlord responsibilities on December 28th, 2018. There are 1.75%annual rental escalations throughout the base term as well as the four, five-year tenant renewal option periods. The lease has a corporate guarantee by International Car Wash Group (ICWG). ICWG operates more than 950 locations throughout the United States and Internationally.

Investment Highlights

  • Qualifies For Bonus Depreciation
  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases
  • Corporate Guarantee

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Auto Service - Gas-Conv

International Car Wash Group - Bonus Depreciation

Listing Price: $5,473,000

Cap Rate
5.50%
Years Remaining On Lease
17.9
Gross SF
4,534
Rentable SF
4,534
Price/Gross SF
$1,207.10
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.39

Investment Highlights

  • Qualifies For Bonus Depreciation
  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases
  • Corporate Guarantee

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 1244 Center Road in Avon, OH. The tenant entered a brand new, 20-year triple-net (NNN) lease with no landlord responsibilities on December 28th, 2018. There are 1.75%annual rental escalations throughout the base term as well as the four, five-year tenant renewal option periods. The lease has a corporate guarantee by International Car Wash Group (ICWG). ICWG operates more than 950 locations throughout the United States and Internationally.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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