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Miscellaneous

International Car Wash Group

6631 Alabama Hwy 69 S, Tuscaloosa, AL 35405

Listing Price: $3,543,636

Cap Rate
5.00%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
3,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.32

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 6631 Hwy 69 S in Tuscaloosa, AL. 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 $194,900 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 3,400 rentable square feet and is situated on 1.00 acres.

Investment Highlights

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

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Miscellaneous

International Car Wash Group

Listing Price: $3,543,636

Cap Rate
5.00%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
3,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.32

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 6631 Hwy 69 S in Tuscaloosa, AL. 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 $194,900 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 3,400 rentable square feet and is situated on 1.00 acres.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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