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Miscellaneous

International Car Wash Group

272 Glynn St N, Fayetteville, GA 30214

Listing Price: $3,180,000

Cap Rate
5.50%
Tenant Name
International Car Wash Group
Gross SF
3,654
Guarantor
Corporate Guarantee
Rentable SF
3,654
Price/Gross SF
$870.28
Lease Type
Absolute Net
Rent Per Square Feet
$47.87

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 272 Glynn St N in Fayetteville, GA. 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 $174,900 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 3,654 rentable square feet and is situated on 2.00 acres.

Investment Highlights

  • Corporate Guarantee
  • 20-Year Triple-Net (NNN) Sale-Leaseback
  • Accelerated Depreciation: This Property Qualifies for 15 Yr. Accelerated Depreciation

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Miscellaneous

International Car Wash Group

Listing Price: $3,180,000

Cap Rate
5.50%
Tenant Name
International Car Wash Group
Gross SF
3,654
Guarantor
Corporate Guarantee
Rentable SF
3,654
Price/Gross SF
$870.28
Lease Type
Absolute Net
Rent Per Square Feet
$47.87

Investment Highlights

  • Corporate Guarantee
  • 20-Year Triple-Net (NNN) Sale-Leaseback
  • Accelerated Depreciation: This Property Qualifies for 15 Yr. Accelerated Depreciation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 272 Glynn St N in Fayetteville, GA. 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 $174,900 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 3,654 rentable square feet and is situated on 2.00 acres.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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