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International Car Wash Group

Listing Price: $4,229,547

Cap Rate
5.75%
Tenant Name
International Car Wash Group Ltd.
Years Remaining On Lease
18.80
Gross SF
2,758
Guarantor
Corporate Guarantee
Rentable SF
2,758
Price/Gross SF
$1,533.56
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$88.18

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 251 New Mannsdale Road, Madison, MS. There are currently 19+ years remaining on a true triple net lease (NNN) with four, five-year tenant renewal options and absolutely zero landlord responsibilities. The base annual rent increases to$243,199 on July 19th, 2020 and is subject to 1.75 percent annual rental escalations throughout the entire lease term. The lease is subject to a corporate guarantee from International Car Wash Group (“ICWG”). ICWG operates more than 900 locations throughout the United States and Internationally.

Investment Highlights

  • Qualifies For Bonus Depreciation and Accelerated Depreciation: This Property Qualifies for both 100 Percent Year One Bonus Depreciation and 15 Year Accelerated Depreciation
  • Long Term Lease With Zero Landlord Responsibilities and Annual Increases: True Triple Net (NNN) Lease With Over Nineteen Years Remaining In Initial Term With 1.75 Percent Annual Rental Increases
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" With More Than 900 Locations Across Europe, Australia and the U.S.

Exclusively Listed By

Auto Service - Gas-Conv

International Car Wash Group

Listing Price: $4,229,547

Cap Rate
5.75%
Tenant Name
International Car Wash Group Ltd.
Years Remaining On Lease
18.80
Gross SF
2,758
Guarantor
Corporate Guarantee
Rentable SF
2,758
Price/Gross SF
$1,533.56
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$88.18

Investment Highlights

  • Qualifies For Bonus Depreciation and Accelerated Depreciation: This Property Qualifies for both 100 Percent Year One Bonus Depreciation and 15 Year Accelerated Depreciation
  • Long Term Lease With Zero Landlord Responsibilities and Annual Increases: True Triple Net (NNN) Lease With Over Nineteen Years Remaining In Initial Term With 1.75 Percent Annual Rental Increases
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) "ICWG" With More Than 900 Locations Across Europe, Australia and the U.S.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 251 New Mannsdale Road, Madison, MS. There are currently 19+ years remaining on a true triple net lease (NNN) with four, five-year tenant renewal options and absolutely zero landlord responsibilities. The base annual rent increases to$243,199 on July 19th, 2020 and is subject to 1.75 percent annual rental escalations throughout the entire lease term. The lease is subject to a corporate guarantee from International Car Wash Group (“ICWG”). ICWG operates more than 900 locations throughout the United States and Internationally.

Exclusively Listed By

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