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Miscellaneous

1031 W 12th St

1031 W 12th St, Marriott-Slaterville, UT 84404

Listing Price: $4,907,273

Cap Rate
5.50%
Tenant Name
ICWG
Guarantor
Corporate Guarantee
Rentable SF
4,912
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.76

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 1031 W 12th St in Marriott-Slaterville, UT. 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 $269,000 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 4,912 rentable square feet and is situated on 1.20 acres.

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" and the More Than 900 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s) UT: 12256000-PB00

    Utah

Listing Price: $4,907,273

Cap Rate
5.50%
Tenant Name
ICWG
Guarantor
Corporate Guarantee
Rentable SF
4,912
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.76

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" and the More Than 900 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 1031 W 12th St in Marriott-Slaterville, UT. 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 $269,000 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 4,912 rentable square feet and is situated on 1.20 acres.

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s): UT: 12256000-PB00

    Utah

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