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Miscellaneous

International Car Wash Group

2607 73rd Ave E, Ellenton, FL 34222

Listing Price: $5,398,182

Cap Rate
5.50%
Tenant Name
ICWG
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
3,960
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$74.97

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 2607 73rd St in Ellenton, FL. 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 $296,900 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 3,960 rentable square feet and is situated on 1.17 acres.

Investment Highlights

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

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Miscellaneous

International Car Wash Group

Listing Price: $5,398,182

Cap Rate
5.50%
Tenant Name
ICWG
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
3,960
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$74.97

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 2607 73rd St in Ellenton, FL. 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 $296,900 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 3,960 rentable square feet and is situated on 1.17 acres.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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