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Auto Service - Gas-Conv

International Car Wash Group - Bonus Depreciation

345 W Duval St, Lake City, FL 32055

Listing Price: $4,897,283

Cap Rate
6.00%
Tenant Name
International Car Wash Group
Gross SF
6,566
Guarantor
International Car Wash Group
Rentable SF
6,566
Price/Gross SF
$745.85
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.75

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 345 West Duval Street in Lake City, FL. 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

  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases
  • Qualifies for Bonus Depreciation
  • Tax Free State: Florida ICWG Location

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Auto Service - Gas-Conv

International Car Wash Group - Bonus Depreciation

Listing Price: $4,897,283

Cap Rate
6.00%
Tenant Name
International Car Wash Group
Gross SF
6,566
Guarantor
International Car Wash Group
Rentable SF
6,566
Price/Gross SF
$745.85
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.75

Investment Highlights

  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases
  • Qualifies for Bonus Depreciation
  • Tax Free State: Florida ICWG Location

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 345 West Duval Street in Lake City, FL. 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

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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