Skip to main content

Auto Service - Gas-Conv

International Car Wash Group

3941 W Broad St, Columbus, OH 43228

Listing Price: $4,193,196

Cap Rate
5.85%
Years Remaining On Lease
17.5
Gross SF
3,190
Rentable SF
3,190
Price/Gross SF
$1,314.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.90

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 3941 W Broad Street in Columbus, OH. The tenant entered a brand new, 20-year triple-net (NNN) lease with no landlord responsibilities on October 18th, 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

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Auto Service - Gas-Conv

International Car Wash Group

Listing Price: $4,193,196

Cap Rate
5.85%
Years Remaining On Lease
17.5
Gross SF
3,190
Rentable SF
3,190
Price/Gross SF
$1,314.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.90

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 3941 W Broad Street in Columbus, OH. The tenant entered a brand new, 20-year triple-net (NNN) lease with no landlord responsibilities on October 18th, 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

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

MM Texture Background
MM Textured Background Lower