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Miscellaneous

International Car Wash Group

714 E Tyler St, Athens, TX 75751

Listing Price: $3,265,455

Cap Rate
5.50%
Tenant Name
International Car Wash Group
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
3,704
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.49

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 714 East Tyler Street in Athens, Texas. 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 $179,600 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 3,704 rentable square feet and is situated on 1.10 acres.

Investment Highlights

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

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Miscellaneous

International Car Wash Group

Listing Price: $3,265,455

Cap Rate
5.50%
Tenant Name
International Car Wash Group
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
3,704
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.49

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 714 East Tyler Street in Athens, Texas. 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 $179,600 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 3,704 rentable square feet and is situated on 1.10 acres.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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