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International Car Wash Group

Listing Price: $3,709,633

Cap Rate
6.00%
Tenant Name
International Car Wash Group Limited (UK)
Years Remaining On Lease
19.00
Guarantor
Corporate Guarantee
Rentable SF
1,930
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$115.33

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the car wash located at 62 Moore Drive in Southaven, 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 is$222,578 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 | Zero Landlord Responsibilities and Annual 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.
  • True Triple Net (NNN) Lease With Nineteen Years Remaining In Initial Term With 1.75 Percent Annual Rental Increases and Four, Five-Year Renewal Options

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Auto Service - Gas-Conv

International Car Wash Group

Listing Price: $3,709,633

Cap Rate
6.00%
Tenant Name
International Car Wash Group Limited (UK)
Years Remaining On Lease
19.00
Guarantor
Corporate Guarantee
Rentable SF
1,930
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$115.33

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 | Zero Landlord Responsibilities and Annual 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.
  • True Triple Net (NNN) Lease With Nineteen Years Remaining In Initial Term With 1.75 Percent Annual Rental Increases and Four, Five-Year Renewal Options

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the car wash located at 62 Moore Drive in Southaven, 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 is$222,578 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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

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