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Miscellaneous

International Car Wash Group

11435 US-51, Atoka, TN 38004

Listing Price: $2,800,870

Cap Rate
5.75%
Tenant Name
International Car Wash Group
Gross SF
4,375
Guarantor
Corporate Guarantee
Rentable SF
4,375
Price/Gross SF
$640.20
Lease Type
Absolute Net
Rent Per Square Feet
$36.81

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 11435 US-51 in Atoka, TN. 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 $159,552 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 4,375 rentable square feet and is situated on 1.00 acres.

Investment Highlights

  • Corporate Guarantee
  • Accelerated Depreciation
  • 20-Year Triple-Net (NNN) Sale-Leaseback

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Miscellaneous

International Car Wash Group

Listing Price: $2,800,870

Cap Rate
5.75%
Tenant Name
International Car Wash Group
Gross SF
4,375
Guarantor
Corporate Guarantee
Rentable SF
4,375
Price/Gross SF
$640.20
Lease Type
Absolute Net
Rent Per Square Feet
$36.81

Investment Highlights

  • Corporate Guarantee
  • Accelerated Depreciation
  • 20-Year Triple-Net (NNN) Sale-Leaseback

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 11435 US-51 in Atoka, TN. 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 $159,552 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 4,375 rentable square feet and is situated on 1.00 acres.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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