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Miscellaneous

International Car Wash Group

5011 Ramsey St, Fayetteville, NC 28311

Listing Price: $5,845,455

Cap Rate
5.50%
Tenant Name
ICWG
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
3,380
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$95.12

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing in Fayetteville, NC. 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 $321,500 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
  • Corporate Guarantee
  • Accelerated Depreciation

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Miscellaneous

International Car Wash Group

Listing Price: $5,845,455

Cap Rate
5.50%
Tenant Name
ICWG
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
3,380
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$95.12

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing in Fayetteville, NC. 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 $321,500 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

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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