No Tenant Specified

International Car Wash Group

Listing Price: $4,160,777

Cap Rate
5.75%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
19.40
Gross SF
5,400
Guarantor
Corporate Guarantee
Rentable SF
5,400
Price/Gross SF
$770.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.30

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 8408 Preston Highway in Louisville, KY. 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 $350,432 and will be subject to 1.50 percent 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 5,400 rentable square feet and is situated on 1.27 acres.

Investment Highlights

  • A 20-Year Triple-Net 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

No Tenant Specified

International Car Wash Group

Listing Price: $4,160,777

Cap Rate
5.75%
Tenant Name
International Car Wash Group Ltd. (UK)
Years Remaining On Lease
19.40
Gross SF
5,400
Guarantor
Corporate Guarantee
Rentable SF
5,400
Price/Gross SF
$770.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.30

Investment Highlights

  • A 20-Year Triple-Net 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

Marcus & Millichap is pleased to present the exclusive listing for 8408 Preston Highway in Louisville, KY. 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 $350,432 and will be subject to 1.50 percent 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 5,400 rentable square feet and is situated on 1.27 acres.

Exclusively Listed By

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