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Miscellaneous

International Car Wash Group & Take 5 Combo Site

1015 Concord Pkwy N, Concord, NC 28027

Listing Price: $5,600,000

Cap Rate
5.00%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
4,281
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.41

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the International Car Wash Group & Take 5 Combo Site. 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$270,000 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.

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 950 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Miscellaneous

International Car Wash Group & Take 5 Combo Site

Listing Price: $5,600,000

Cap Rate
5.00%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
4,281
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.41

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 950 Locations Across Europe, Australia and the U.S.
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the International Car Wash Group & Take 5 Combo Site. 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$270,000 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.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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