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Miscellaneous

International Car Wash Group | Nashville | 100% Bonus Depreciation

5828 Nolensville Pike, Nashville, TN 37211

Listing Price: $6,676,273

Cap Rate
5.35%
Tenant Name
International Car Wash Group
Years Remaining On Lease
18.8
Guarantor
Corporate Guarantee
Rentable SF
2,705
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$132.04

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 5828 Nolensville Pike, Nashville, Tennessee. The tenant entered a brand new, 20-year triple-net lease with no landlord responsibilities on July 13th, 2020. 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

  • Tax Free State: Located Ten Miles From Downtown Nashville | Tennessee ICWG Location
  • Accelerated & Bonus Depreciation: The Property Qualifies For Both 100% Bonus Depreciation & Fifteen Year Accelerated Depreciation
  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Miscellaneous

International Car Wash Group | Nashville | 100% Bonus Depreciation

Listing Price: $6,676,273

Cap Rate
5.35%
Tenant Name
International Car Wash Group
Years Remaining On Lease
18.8
Guarantor
Corporate Guarantee
Rentable SF
2,705
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$132.04

Investment Highlights

  • Tax Free State: Located Ten Miles From Downtown Nashville | Tennessee ICWG Location
  • Accelerated & Bonus Depreciation: The Property Qualifies For Both 100% Bonus Depreciation & Fifteen Year Accelerated Depreciation
  • Long Term Lease With Zero Landlord Responsibilities & Annual Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 5828 Nolensville Pike, Nashville, Tennessee. The tenant entered a brand new, 20-year triple-net lease with no landlord responsibilities on July 13th, 2020. 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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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