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Miscellaneous

International Car Wash Group

5810 Coulter St S, Amarillo, TX 79119

Listing Price: $5,645,455

Cap Rate
5.50%
Tenant Name
ICWG
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
5,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.58

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 5810 Coulter St S in Amarillo, Texas. The tenant will enter into a brand new, 20-year triple-net lease upon close of escrow with absolutely no landlord responsibilities. The base annual rent will be $310,500 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. The property is 5,300 rentable square feet and is situated on 1.11 acres.

Investment Highlights

  • 20-Year Triple-Net 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: $5,645,455

Cap Rate
5.50%
Tenant Name
ICWG
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
5,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.58

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 5810 Coulter St S in Amarillo, Texas. The tenant will enter into a brand new, 20-year triple-net lease upon close of escrow with absolutely no landlord responsibilities. The base annual rent will be $310,500 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. The property is 5,300 rentable square feet and is situated on 1.11 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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