Miscellaneous

ICWG

2021 Sparkman Drive, Hunsville, AL 35810

Listing Price: $1,777,304

Cap Rate
5.75%
Tenant Name
International Car Wash Group
Gross SF
3,877
Guarantor
Corporate Guarantee
Rentable SF
3,877
Price/Gross SF
$458.42
Lease Type
Absolute Net
Rent Per Square Feet
$26.36

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 2021 Sparkman Drive, Huntsville, Alabama. The tenant will enter into a brand new, 20-year triple-net lease upon close of escrow with absolutely no landlord responsibilities. The base annual rent will be $102,195 and will be subject to 1.50 percent 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 3,877 rentable square feet and is situated on 1.77 acres.

Investment Highlights

  • Corporate Guarantee
  • Accelerated Depreciation: Property Qualifies for 15 Year Accelerated Depreciation
  • A 20-Year Triple-Net Sale-Leaseback

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Listing Price: $1,777,304

Cap Rate
5.75%
Tenant Name
International Car Wash Group
Gross SF
3,877
Guarantor
Corporate Guarantee
Rentable SF
3,877
Price/Gross SF
$458.42
Lease Type
Absolute Net
Rent Per Square Feet
$26.36

Investment Highlights

  • Corporate Guarantee
  • Accelerated Depreciation: Property Qualifies for 15 Year Accelerated Depreciation
  • A 20-Year Triple-Net Sale-Leaseback

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 2021 Sparkman Drive, Huntsville, Alabama. The tenant will enter into a brand new, 20-year triple-net lease upon close of escrow with absolutely no landlord responsibilities. The base annual rent will be $102,195 and will be subject to 1.50 percent 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 3,877 rentable square feet and is situated on 1.77 acres.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower