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Miscellaneous

International Car Wash Group 20yr NNN SLB

5015 Mud Ln, Louisville, KY 40229

Listing Price: $2,945,455

Cap Rate
5.25%
Tenant Name
International Car Wash Group
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
3,850
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.08

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing in Louisville, KY. 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 $162,000 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.

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

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Miscellaneous

International Car Wash Group 20yr NNN SLB

Listing Price: $2,945,455

Cap Rate
5.25%
Tenant Name
International Car Wash Group
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
3,850
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.08

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 in Louisville, KY. 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 $162,000 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.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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