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Miscellaneous

International Car Wash Group

101 S Rockwell Ave, Oklahoma City, OK 73127

Listing Price: $3,809,524

Cap Rate
5.25%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
4,057
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.30

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing in Oklahoma City, OK. 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 $200,000 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 : At Closing the Tenant Will Execute a Brand New 20 Year Absolute Triple Net Lease. The Lease Will Have No Landlord Responsibilities.
  • Corporate Guarantee : The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" and the More Than 900 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation : This Property Qualifies for 15 Year Accelerated Depreciation

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Miscellaneous

International Car Wash Group

Listing Price: $3,809,524

Cap Rate
5.25%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
4,057
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.30

Investment Highlights

  • 20 Year Triple Net (NNN) Sale Leaseback : At Closing the Tenant Will Execute a Brand New 20 Year Absolute Triple Net Lease. The Lease Will Have No Landlord Responsibilities.
  • Corporate Guarantee : The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" and the More Than 900 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation : This Property Qualifies for 15 Year Accelerated Depreciation

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing in Oklahoma City, OK. 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 $200,000 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

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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